Tex. Ins. Code § 2652.101 · Subchapter C. BOND AND DEPOSIT REQUIREMENTS
BOND REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A title insurance agent or direct operation shall obtain, at its own expense, a bond for its escrow officers appointed under Section 2652.1511 payable to the department. The bond shall obligate the principal and surety to pay for any pecuniary loss sustained by the title insurance agent or direct operation through an act of fraud, dishonesty, forgery, theft, embezzlement, or wilful misapplication by an escrow officer, either directly and alone or in conspiracy with another person.
(b) The bond must be:
(1) of a type approved by the department; and
(2) issued by a surety licensed by the department to do business in this state.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 232 (H.B. 2491), Sec. 6, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2652.htm
- Text hash
- sha256 9a3fc0e6c2e1cbe20dc9a2c77a8b16073770df2cdab68b7660bbf94e4ac8167f
- 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
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