Sec. 347.357. DISPOSAL OF INSURANCE AND TAX ESCROW ACCOUNT ON DEFAULT. If a consumer is in default, the amount in the consumer's insurance and tax escrow accounts established under Section 347.258 shall be applied to the remaining balance of the credit transaction.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 347 - Manufactured Home Credit Transactions
Subchapter H. Actions on Default
Section 347.351. Delinquency Charge on Default
Section 347.352. Acceleration of Debt Maturity
Section 347.353. Computing Amount Owed for Purpose of Acceleration
Section 347.354. Accrual of Interest on Acceleration
Section 347.355. Repossession on Default
Section 347.357. Disposal of Insurance and Tax Escrow Account on Default