Tex. Ins. Code Section 3502.203
Refund of Premium

A lender that receives a refund of an unearned mortgage guaranty insurance premium paid by a borrower shall remit the refund to the borrower not later than the 10th business day after the date the lender receives the refund.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Sec. 3502.204. ADVERTISING OF “INSURED LOANS.” 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.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.

Source: Section 3502.203 — Refund of Premium, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­3502.­htm#3502.­203 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 3502.203’s source at texas​.gov