Sec. 2502.052. CERTAIN DIVISIONS OF REAL PROPERTY CHARGES PROHIBITED. Other than for services actually performed, a person may not give or accept any portion, split, or percentage of a charge made or received for a settlement or closing performed in connection with a transaction involving the conveyance or mortgaging of real property located in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 2502 - Prohibited Conduct
Subchapter B. Rebates and Discounts
Section 2502.051. Rebates and Discounts Prohibited
Section 2502.052. Certain Divisions of Real Property Charges Prohibited
Section 2502.053. Certain Compensatory Payments Not Prohibited
Section 2502.054. Certain Divisions of Premiums Not Prohibited
Section 2502.055. Promotional and Educational Activities Not Rebates