Sec. 2702.052. DUTY TO PRESCRIBE UNIFORM CLOSING AND SETTLEMENT STATEMENT FORMS. (a) The department, after notice and hearing, shall prescribe uniform closing and settlement statement forms to be used in connection with the closing and settlement of a transaction involving:
(1) the conveyance or mortgage of real property; and
(2) the issuance of a title insurance policy by a title insurance company or title insurance agent.
(b) The department may prescribe separate forms under this section for transactions involving improved residential real property and for all other real property transactions.
(c) The department shall design the forms under this section to enable each party to the transaction to be provided with a dual or separate form identifying only the charges made to that party.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle E - The Business of Title Insurance
Chapter 2702 - Closing and Settlement
Subchapter B. Uniform Closing and Settlement Statements
Section 2702.051. Applicability
Section 2702.052. Duty to Prescribe Uniform Closing and Settlement Statement Forms
Section 2702.053. Content of Closing and Settlement Statement
Section 2702.054. Use of Alternate Settlement Statement Form Permitted