Sec. 2602.304. ADVANCE AS LOAN. Money advanced by the association under this chapter is considered a special fund loan to the impaired title insurance company or agent for payment of covered claims and does not become an asset of the title insurance company or agent. The loan is repayable to the extent money from the title insurance company or agent is available.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter G. Association Powers and Duties Relating to Covered Claims
Section 2602.302. Payment of Covered Claims
Section 2602.303. Servicing Facility
Section 2602.304. Advance as Loan
Section 2602.305. Association in Place of Impaired Title Insurance Company or Agent
Section 2602.306. Assignment of Claimant's Rights
Section 2602.307. Settlement by Association Binding; Priority of Claim and Expenses