Finance Code › Title 4 › Chapter 353 › Subchapter C

Texas Finance Code § 353.212

Financing Entity May Not Require Insurance from Particular Source

Commercial Motor Vehicle Installment Sales · Insurance

If a retail installment contract presented to a financing entity for acceptance includes any insurance coverage, the financing entity may not directly or indirectly require, as a condition of its agreement to finance the commercial vehicle, that the retail buyer purchase the insurance coverage from a particular source.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.