If a holder of a motor vehicle retail installment sales contract involving an ordinary vehicle arranges for collateral protection insurance and assesses a charge for the insurance to the retail buyer, the holder must comply with the provisions of Texas Finance Code, Chapter 307.

Source Note: The provisions of this §84.305 adopted to be effective July 10, 2008, 33 TexReg 5280; amended to be effective November 5, 2009, 34 TexReg 7607