TITLE 27
Insurance

CHAPTER 27-58
The Banking And Insurance Consumer Protection Act

SECTION 27-58-11


§ 27-58-11 Insurance in connection with a loan.

(a) If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.

(b) A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.

History of Section.
(P.L. 1996, ch. 325, § 1.)