Tex. Finance Code § 345.212
NONFILING INSURANCE
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 345.212, NONFILING INSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647419
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Full text
(a) Instead of charging fees for the filing, recording, and releasing of documents for the perfection of a security interest created in connection with a retail installment transaction, the holder may include in the retail installment contract or retail charge agreement a charge for a nonfiling insurance premium.
(b) The amount of a charge under Subsection (a) may not exceed the amount of fees authorized for filing and recording an original financing statement in the standard form prescribed by the secretary of state.
(c) A holder may receive a charge authorized by this section only if the holder purchases nonfiling insurance in connection with the retail installment transaction.
(d) A holder is not required to furnish to a retail buyer a policy or certificate of insurance evidencing nonfiling insurance.