Texas Finance Code - FIN § 342.401. Required Property Insurance

(a) On a loan that is subject to Subchapter E  1 with a cash advance of $300 or more, a lender may require a borrower to insure tangible personal property offered as security for the loan.

(b) On a secondary mortgage loan, a lender may require a borrower to provide property insurance as security against reasonable risks of loss, damage, and destruction.

(c) The insurance coverage and the premiums or charges for the coverage must bear a reasonable relationship to:

(d) The insurance may not:

(e) A creditor may not require the purchase of duplicate property insurance if the creditor has knowledge that the borrower:

(f) For purposes of determining the knowledge required under Subsection (e), a creditor may rely on a written consent to purchase insurance in which the borrower is given the opportunity to disclose the existence of other coverage.