Tex. Insurance Code § 557.006
This is the official text of Tex. Insurance Code § 557.006, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 557.006. INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE.
Official statutory text
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.
Status: in_force · Read it on the official government site
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