Texas § FI.347.251 - FINANCING INSURANCE
Full text of Texas The Texas Constitution § FI.347.251 — FINANCING INSURANCE, with citation guidance and answers to common questions.
§ FI.347.251. FINANCING INSURANCE
FINANCING INSURANCE. (a) A creditor may finance as part of a credit transaction insurance: (1) required in accordance with Section 347.201 ; or (2) requested by the consumer. (b) The cost of the insurance required under Section 347.201 may be included as a separate charge in the credit transaction. (c) The premium of any insurance included in the credit transaction may be included in the unpaid balance of the credit transaction and paid as part of the total of payments regardless of whether the term of the insurance is less than the term of the credit transaction. (d) A consumer and creditor may agree that the purchase of additional insurance under Section 347.204 will be: (1) in accordance with an insurance premium financing agreement made under the Insurance Code; and (2) separate from the credit transaction. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.347.251
What does The Texas Constitution § FI.347.251 cover?
Section FI.347.251 ("FINANCING INSURANCE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.347.251?
A common citation format is "The Texas Constitution § FI.347.251" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.347.251 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.