Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 11. TITLE INSURANCE |
Subtitle E. THE BUSINESS OF TITLE INSURANCE |
Chapter 2702. CLOSING AND SETTLEMENT |
Subchapter A. INSURED CLOSING AND SETTLEMENT LETTERS |
Sec. 2702.001. INSURED CLOSING AND SETTLEMENT LETTER: LOANS
Latest version.
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(a) On request, a title insurance company may issue insured closing and settlement letters in connection with the closing and settlement by a title insurance agent or direct operation of loans relating to real property located in this state.
(b) Insured closing and settlement letters must be issued in the form prescribed by the commissioner.
(c) A title insurance company may not impose a charge for issuing insured closing and settlement letters under this section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.