Texas Insurance Code 3502.203 – Refund of Premium
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Terms Used In Texas Insurance Code 3502.203
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
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.