Sec. 2652.002. EMPLOYMENT OF ESCROW OFFICER. (a) A title insurance agent or direct operation may not employ an individual as an escrow officer unless the individual:
(1) holds a license issued by the department;
(2) is covered by a surety bond or deposit as required under Subchapter C; and
(3) is appointed under Section 2652.1511 as an escrow officer by the title insurance agent or direct operation.
(b) A title insurance agent or direct operation may not permit an individual to act as an escrow officer in this state before the agent or direct operation has complied with Sections 2652.151 and 2652.1511 with respect to the individual.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 232 (H.B. 2491), Sec. 1, eff. September 1, 2015.
Structure Texas Statutes
Subtitle D - Title Insurance Professionals
Chapter 2652 - Escrow Officers
Subchapter A. General Provisions
Section 2652.001. License and Bond or Deposit Required
Section 2652.002. Employment of Escrow Officer
Section 2652.003. Attorney Acting as Escrow Officer
Section 2652.004. Trust Fund Account Disbursements
Section 2652.005. Escrow Account Audit
Section 2652.006. Record of Escrow Officers; Public Information