Texas Insurance Code 2652.057 – License Surrender or Forfeiture
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(a) An escrow officer may voluntarily surrender the escrow officer’s license at any time by giving notice to the department.
(b) Repealed by Acts 2015, 84th Leg., R.S., Ch. 232 , Sec. 11, eff. September 1, 2015.
Terms Used In Texas Insurance Code 2652.057
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
(c) A surrender or forfeiture of a license under this section does not affect the culpability of the license holder for conduct committed before the effective date of the surrender or forfeiture. The department may institute a disciplinary proceeding against the former license holder for conduct committed before the effective date of the surrender or forfeiture.