Texas Insurance Code 2652.153 – Notice of Termination
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Terms Used In Texas Insurance Code 2652.153
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
A title insurance agent or direct operation that terminates the employment of a licensed escrow officer shall:
(1) immediately notify the department in writing of the termination and request cancellation of the appointment under Section 2652.1511; and
(2) notify the escrow officer of the action by the title insurance agent or direct operation.