Tex. Ins. Code Section 2652.102
Alternative to Bond


Instead of the bond required by Section 2652.101 (Bond Required), a title insurance agent or direct operation may deposit with the department:




irrevocable letters of credit issued by a financial institution insured by an agency of the United States; or


securities approved by the department.


The cash, letters of credit, or securities deposited under this section are subject to the conditions required for a bond under Section 2652.101 (Bond Required).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2652.102 — Alternative to Bond, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2652.­htm#2652.­102 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 2652.102’s source at texas​.gov