Texas Property Code 62.102 – Named Escrow Agent
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Terms Used In Texas Property Code 62.102
- Contract: A legal written agreement that becomes binding when signed.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
If an escrow agent is named in the contract on which the transaction or conveyance is based, the escrow account shall be established with the named escrow agent.