If a lender arranges for collateral protection insurance and assesses a charge for the insurance to the borrower, the lender must comply with the provisions of Texas Finance Code, Chapter 307.

Source Note: The provisions of this §83.807 adopted to be effective November 9, 2006, 31 TexReg 9001; amended to be effective November 4, 2010, 35 TexReg 9698