Texas Insurance Code 2652.001 – License and Bond or Deposit Required
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Terms Used In Texas Insurance Code 2652.001
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
An individual may not act as an escrow officer unless the individual:
(1) holds a license issued by the department;
(2) is covered by a surety bond or deposit required under Subchapter C; and
(3) is appointed under Section 2652.1511 as an escrow officer by a title insurance agent or direct operation.