Sec. 549.052. REQUIRING POLICY FROM PARTICULAR SOURCE. A lender may not directly or indirectly require as a condition of the financing or lending of money or the renewal or extension of financing or lending of money that the purchaser or borrower or the successors of the purchaser or borrower obtain an insurance policy or the renewal or extension of an insurance policy covering the property involved in the transaction from or through:
(1) a particular agent, insurer, or other person; or
(2) a particular type or class of agent, insurer, or other person.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 549 - Prohibited Practices Relating to Property Insurance
Subchapter B. Prohibited Practices
Section 549.051. Fees for Substitution or Replacement of Policy
Section 549.052. Requiring Policy From Particular Source
Section 549.053. Use of Policy Information
Section 549.054. Requiring Evidence of Insurance Before Termination of Policy
Section 549.055. Insurance Binder as Evidence of Insurance