Sec. 2652.201. GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION. (a) The department may deny an application for a license or discipline an escrow officer under Sections 4005.102, 4005.103, and 4005.104 if the department determines that the applicant or license holder has:
(1) wilfully violated this title;
(2) intentionally made a material misstatement in the license application;
(3) obtained or attempted to obtain the license by fraud or misrepresentation;
(4) misappropriated or converted to the escrow officer's own use or illegally withheld money belonging to a title insurance agent, direct operation, or another person;
(5) been guilty of fraudulent or dishonest practices;
(6) materially misrepresented the terms and conditions of a title insurance policy or contract; or
(7) failed to complete all educational requirements.
(b) The department may not deny an application for a license or discipline an escrow officer under Section 4005.102, 4005.103, or 4005.104 solely because the individual resides in an adjacent state and acts as an escrow officer in this state as a bona fide employee of a title insurance agent or direct operation in this state.
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. 3, eff. September 1, 2009.
Section: Previous 2652.056 2652.057 2652.058 2652.059 2652.101 2652.102 2652.103 2652.104 2652.105 2652.151 2652.1511 2652.153 2652.201 2652.2015 2652.202 NextLast modified: September 28, 2016