Sec. 307.053. AMORTIZATION OF DEBT. If any form of amortization is used by the creditor, the creditor shall send to each debtor notice of the terms of the amortization and any change in the debtor's periodic payment.
Added by Acts 2001, 77th Leg., ch. 726, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 307 - Collateral Protection Insurance
Subchapter B. Requirements for Collateral Protection Insurance
Section 307.051. Collateral Protection Insurance
Section 307.052. Creditor Duties
Section 307.053. Amortization of Debt
Section 307.054. Cancellation of Collateral Protection Insurance
Section 307.055. Refund of Unearned Premiums
Section 307.056. Choice of Carrier