Tex. Ins. Code § 2651.202 · Subchapter E. GENERAL REGULATION OF TITLE INSURANCE AGENTS AND DIRECT OPERATIONS
TRUST FUND ACCOUNT DISBURSEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A title insurance company, title insurance agent, or direct operation may not disburse funds from a trust fund account until good funds related to the transaction have been received and deposited in the account in amounts sufficient to fund any disbursements from the transaction.
(b) A title insurance company, title insurance agent, or direct operation is not liable for a violation of this section if the violation:
(1) was not intentional; and
(2) resulted from a bona fide error despite the maintenance of procedures reasonably adopted to avoid the error.
(c) The commissioner shall adopt rules and definitions to implement this section.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2651.htm
- Text hash
- sha256 faed3d4ea6a246d313fede9bba7755ce96faf58edef3f5757e68d323dbe6af22
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.