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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 12. OTHER COVERAGE |
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Chapter 3502. MORTGAGE GUARANTY INSURANCE |
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Subchapter E. LENDER POWERS AND DUTIES |
Sec. 3502.203. REFUND OF PREMIUM
Latest version.
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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 , Sec. 3, eff. April 1, 2007.