Tex. Finance Code § 347.357
This is the official text of Tex. Finance Code § 347.357, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 347.357. DISPOSAL OF INSURANCE AND TAX ESCROW ACCOUNT ON DEFAULT.
Official statutory text
If a consumer is in default, the amount in the consumer's insurance and tax escrow accounts established under Section 347.258 shall be applied to the remaining balance of the credit transaction.
Status: in_force · Read it on the official government site
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