Texas Insurance Code § 2502.004 Guarantee Of Mortgage Payment Prohibited

Sec. 2502.004. GUARANTEE OF MORTGAGE PAYMENT PROHIBITED. (a) A title insurance company may not guarantee the payment of a mortgage on real property.

(b) A title insurance company that violates this section forfeits its authority to engage in business in this state and shall immediately surrender its certificate of authority.

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

Section: Previous  2502.001  2502.002  2502.003  2502.004  2502.005  2502.006  2502.051  2502.052  2502.053  2502.054  2502.055  2502.056  Next

Last modified: September 28, 2016