Texas § 161.362 INSURANCE REQUIREMENT.

Texas Statutes

§ 161.362 — INSURANCE REQUIREMENT.

Texas § 161.362

Code NRNatural Resources Code

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Bluebook

Tex. Natural Resources Code Code Ann. § 161.362 (2026).

Text

Sec. 161.362. INSURANCE REQUIREMENT.

(a)Persons purchasing land under the program shall carry insurance on the improvements on the property in an amount that the board considers necessary. Failure to do so will subject the contract to forfeiture or the mortgage to foreclosure.

(b)The board may promulgate rules necessary to enforce this subchapter.

(c)Repealed by Acts 2003, 78th Leg., ch. 674, Sec. 21, eff. Sept. 1, 2003.

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Sec. 161.362. INSURANCE REQUIREMENT. (a) Persons purchasing land under the program shall carry insurance on the improvements on the property in an amount that the board considers necessary. Failure to do so will subject the contract to forfeiture or the mortgage to foreclosure.
(b) The board may promulgate rules necessary to enforce this subchapter.
(c) Repealed by Acts 2003, 78th Leg., ch. 674, Sec. 21, eff. Sept. 1, 2003.

Legislative History

Acts 1977, 65th Leg., p. 2673, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 14.20, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 674, Sec. 12, 21, eff. Sept. 1, 2003.