Tex. Finance Code § 347.204
This is the official text of Tex. Finance Code § 347.204, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 347.204. PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.
Official statutory text
(a) A consumer may:
(1) purchase any insurance authorized by this chapter after the date of the credit document; and
(2) include the amount of the insurance premium in the unpaid balance of the credit transaction.
(b) Interest accrues on the insurance premium at a rate that does not exceed the interest rate or time price differential applicable to the credit transaction on the date the insurance is purchased.
(c) The additional insurance premium and interest may be paid in any period and any number of installments to which the consumer and creditor agree.
(1) purchase any insurance authorized by this chapter after the date of the credit document; and
(2) include the amount of the insurance premium in the unpaid balance of the credit transaction.
(b) Interest accrues on the insurance premium at a rate that does not exceed the interest rate or time price differential applicable to the credit transaction on the date the insurance is purchased.
(c) The additional insurance premium and interest may be paid in any period and any number of installments to which the consumer and creditor agree.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.