Sec. 2602.107. ADMINISTRATIVE EXPENSES. (a) The association may use money in the administrative account to pay administrative costs and other general expenses of the association.
(b) The association may transfer income from investment of the association's money to the administrative account.
(c) The association shall assess title insurance companies as provided by Subchapter E for any additional money needed for the administrative account.
(d) The association shall pay from the guaranty fee account fees and reasonable and necessary expenses that the department incurs in an examination or audit of a title agent or direct operation under this chapter and Chapter 2651.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1025 (H.B. 4338), Sec. 5, eff. September 1, 2009.
Section: Previous 2602.057 2602.101 2602.102 2602.103 2602.104 2602.105 2602.106 2602.107 2602.108 2602.109 2602.110 2602.111 2602.112 2602.113 2602.114 NextLast modified: September 28, 2016