CANCELLATION OF POLICY AFTER FORECLOSURE AUTHORIZED.

Tex. INS Code § 549.003.
in effect
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In the event of a foreclosure under a deed of trust, the lender may cancel an insurance policy covering the foreclosed property and is entitled to any unearned premiums from the policy if the lender: (1) credits the amount of the unearned premiums against any deficiency owed by the borrower; and (2) delivers to the borrower any excess unearned premiums not credited against a deficiency under Subdivision (1). Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. SUBCHAPTER B. PROHIBITED PRACTICES
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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