Tex. Ins. Code § 2702.002 · Subchapter A. INSURED CLOSING AND SETTLEMENT LETTERS
INSURED CLOSING AND SETTLEMENT LETTER: CERTAIN BUYERS OR SELLERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On written request, a title insurance company may issue to the buyer or seller of real property located in this state, the sales price of which exceeds the maximum covered claim specified by Chapter 2602, an insured closing and settlement letter in connection with the closing and settlement of the transaction by a title insurance agent or direct operation. Only the title insurance company that is to issue an owner title insurance policy in connection with the transaction may issue the insured closing and settlement letter.
(b) An insured closing and settlement letter must be issued:
(1) at or before closing; and
(2) in the form and manner prescribed by the commissioner.
(c) The commissioner may adopt a charge for the issuance of an insured closing and settlement letter under this section and prescribe the form and manner in which the charge must be made.
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.2702.htm
- Text hash
- sha256 c900185c7af5bb2ea5809aa4a7a250220713bc9248fc1f8ab7dff1f00ecc085b
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.