Tex. Ins. Code Section 2652.103
Amount of Bond or Deposit

(a)

The amount of the bond or deposit required under this subchapter is determined by multiplying the number of escrow officers employed by the title insurance agent or direct operation by:

(1)

$5,000 for an application of an individual who is a bona fide resident of this state; or

(2)

$10,000 for an application of an individual who is a bona fide resident of a state adjacent to this state.

(b)

Notwithstanding Subsection (a), the maximum amount of the bond or deposit required under this subchapter is $50,000.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Amended by:

Acts 2009, 81st Leg., R.S., Ch. 155 (H.B. 652), Sec. 2, eff. September 1, 2009.

Source: Section 2652.103 — Amount of Bond or Deposit, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2652.htm#2652.103 (accessed May 4, 2024).

2652.001
License and Bond or Deposit Required 2652.002
Employment of Escrow Officer 2652.003
Attorney Acting as Escrow Officer 2652.004
Trust Fund Account Disbursements 2652.005
Escrow Account Audit 2652.006
Record of Escrow Officers 2652.051
License Application 2652.052
License and Renewal Fees 2652.053
License Issuance 2652.054
Duplicate License 2652.055
License Term 2652.056
Procedure for License Renewal 2652.057
License Surrender or Forfeiture 2652.058
Continuing Education 2652.059
Denial of License Application or License Renewal 2652.101
Bond Required 2652.102
Alternative to Bond 2652.103
Amount of Bond or Deposit 2652.104
Examination of Loss Covered by Bond or Deposit 2652.105
Investigation by Attorney General 2652.151
List of Escrow Officers 2652.153
Notice of Termination 2652.201
Grounds for License Denial or Disciplinary Action 2652.202
License Application After Denial, Refusal, or Revocation 2652.203
Notice of Disciplinary or Enforcement Action 2652.1511
Appointment of Escrow Officer 2652.2015
Prohibited Grounds for Delay or Denial

Accessed:
May 4, 2024

§ 2652.103’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_2652.103

Original Source: Section 2652.103 — Amount of Bond or Deposit, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2652.htm#2652.103 (last accessed May 4, 2024).