Sec. 346.201. INSURANCE; COLLATERAL. In connection with a revolving credit account, a creditor may require or take insurance subject to the provisions of Chapter 342, relating to insurance, as if the revolving credit account were a loan contract under that chapter. A creditor may require or take real or personal property as collateral.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.55, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 887, Sec. 4, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 346 - Revolving Credit Accounts
Subchapter C. Creditor's Duties and Authority
Section 346.201. Insurance; Collateral
Section 346.202. Amounts Authorized to Be Recovered From Customer
Section 346.203. More Than One Revolving Credit Account Authorized
Section 346.204. Amendment of Revolving Credit Account by Creditor
Section 346.205. Compliance With Federal Consumer Credit Protection Act
Section 346.206. Acceleration or Immediate Payment Demand Prohibited