Tex. Ins. Code Section 2502.005
Civil Penalty

(a)

A person is liable to the state for a civil penalty of not more than $5,000 if the person:

(1)

wilfully violates Section 2502.003 (Insuring Around Defined; Prohibitions and Exceptions) or 2502.004 (Guarantee of Mortgage Payment Prohibited); or

(2)

violates an order of the commissioner refusing to approve an application to issue a binder for title insurance or a title insurance policy prohibited by Section 2502.003 (Insuring Around Defined; Prohibitions and Exceptions)(a).

(b)

The department may bring an action in a Travis County district court to recover the penalty provided by this section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2502.005 — Civil Penalty, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2502.­htm#2502.­005 (accessed Apr. 29, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 2502.005’s source at texas​.gov