 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
INSURANCE CODE |
|
Title 11. TITLE INSURANCE |
|
Subtitle B. ORGANIZATION OF TITLE INSURANCE COMPANIES |
|
Chapter 2552. ATTORNEY'S TITLE INSURANCE COMPANIES AND TITLE ATTORNEYS |
|
Subchapter D. TITLE ATTORNEY GENERAL REQUIREMENTS |
Sec. 2552.152. ABSTRACT PLANT REQUIREMENTS
-
(a) A title attorney must:
(1) own or lease and control a licensed abstract plant;
(2) participate in a bona fide joint abstract plant operation;
(3) contract in accordance with this subchapter to obtain title evidence from a licensed abstract plant; or
(4) use title evidence provided by an approved abstract plant owned or leased and controlled by the attorney's title insurance company.
(b) If at the time of applying for a license under Section 2552.102 an attorney does not own or lease and control a licensed abstract plant, is not a participant in a bona fide joint abstract plant operation, and is unable to contract to obtain title evidence from a licensed abstract plant located in the county in which the attorney resides, the attorney, as part of the license application, may satisfy the requirements of this section by filing with the department on a form prescribed by the department a disclosure of the inability to obtain the contract.