Sec. 2651.152. ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE COMPANIES. (a) Each title insurance company shall have an annual audit made of trust fund accounts for each county in which it operates in its own name. The company shall pay for the audit.
(b) Not later than the 90th day after the date of the end of the title insurance company's fiscal year, the company shall send by certified mail, postage prepaid, to the department one copy of the audit report.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle D - Title Insurance Professionals
Chapter 2651 - Title Insurance Agents and Direct Operations
Section 2651.151. Annual Audit of Trust Fund Accounts: Title Insurance Agents and Direct Operations
Section 2651.152. Annual Audit of Trust Fund Accounts: Title Insurance Companies
Section 2651.154. Performance of Audit by Public Accountant
Section 2651.155. Confidentiality of Audit
Section 2651.156. Failure to Receive Audit Report From Agents or Direct Operations