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Tex. Insurance Code § 557.006

INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 557.006, INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678555
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A lender is not required to pay interest on insurance proceeds applied, in accordance with the terms and conditions of a deed of trust or other security agreement, to reduce a note.