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Texas Insurance Code - INS § 3502.204. Advertising of “Insured Loans”

Current as of January 01, 2024 | Updated by Findlaw Staff

A bank, savings and loan association, insurer, or approved seller-servicer of the Federal National Mortgage Association, any of whose authorized real estate securities are insured by a mortgage guaranty insurer, may not state in a brochure, pamphlet, or report or any form of advertising that the real estate loans of the bank, savings and loan association, insurer, or seller-servicer are “insured loans” unless:

(1) the brochure, pamphlet, report, or advertising also:

(A) clearly states that the loans are insured by private insurers; and

(B) lists the names of the private insurers; and

(2) the insurance on the real estate loans is written by an insurer authorized to write that insurance in this state.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 3502.204. Advertising of “Insured Loans” - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-3502-204/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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