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Texas Natural Resources Code

§ 161.362 — INSURANCE REQUIREMENT

NR § 161.362Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. I. INSURANCE

Statute text

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(a)Persons purchasing land under the program shall carry insurance on the improvements on the property in an amount that the board considers necessary. Failure to do so will subject the contract to forfeiture or the mortgage to foreclosure.
(b)The board may promulgate rules necessary to enforce this subchapter.
(c)Repealed by Acts 2003, 78th Leg., ch. 674, Sec. 21, eff. Sept. 1, 2003.

Legislative history

Acts 1977, 65th Leg., p. 2673, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 14.20, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 674, Sec. 12, 21, eff. Sept. 1, 2003.

Source: Texas Natural Resources Code § 161.362 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.