 |
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 G. LICENSE DENIAL AND DISCIPLINARY ACTION |
Sec. 2552.301. GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION
-
The department may deny an application for a title attorney's license or discipline a title attorney under Sections 4005.102, 4005.103, and 4005.104 if the department determines that the applicant or license holder:
(1) has wilfully violated this title;
(2) has intentionally made a material misstatement in the license application;
(3) has obtained or attempted to obtain the license by fraud or misrepresentation;
(4) has misappropriated or converted to the applicant's or license holder's own use or illegally withheld money belonging to an attorney's title insurance company, an insured, or another person;
(5) has been guilty of fraudulent or dishonest practices;
(6) has materially misrepresented the terms and conditions of a title insurance policy or contract;
(7) has failed to maintain:
(A) a separate and distinct accounting of escrow funds; and
(B) an escrow bank account or accounts separate and apart from all other accounts;
(8) is no longer a member of the State Bar of Texas; or
(9) is no longer actively engaged in the practice of law.