Legislation
SECTION 6506
Advertising
Insurance (ISC) CHAPTER 28, ARTICLE 65
§ 6506. Advertising. No regulated mortgage investor, any of whose
authorized real estate securities are insured by mortgage guaranty
insurance pursuant to this article may state in any form of report or
advertising that the real estate loans of the investor are "insured
loans" unless the report or any form of advertising also clearly states
that the loans are insured by private insurers and the names of such
insurers are given. A regulated mortgage investor also shall not make
any such statement unless such insurance is by a company authorized to
transact mortgage guaranty insurance business in this state.
authorized real estate securities are insured by mortgage guaranty
insurance pursuant to this article may state in any form of report or
advertising that the real estate loans of the investor are "insured
loans" unless the report or any form of advertising also clearly states
that the loans are insured by private insurers and the names of such
insurers are given. A regulated mortgage investor also shall not make
any such statement unless such insurance is by a company authorized to
transact mortgage guaranty insurance business in this state.