Tex. Insurance Code § 2651.202
TRUST FUND ACCOUNT DISBURSEMENTS
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 2651.202, TRUST FUND ACCOUNT DISBURSEMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685087
- Permanent ID
ys:prov:685087@1- SHA-256
087c042383096c9e8f97569b0ea0b87bd6a2b161e1825e0c14a5c98e1da3ce3a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A title insurance company, title insurance agent, or direct operation may not disburse funds from a trust fund account until good funds related to the transaction have been received and deposited in the account in amounts sufficient to fund any disbursements from the transaction.
(b) A title insurance company, title insurance agent, or direct operation is not liable for a violation of this section if the violation:
(1) was not intentional; and
(2) resulted from a bona fide error despite the maintenance of procedures reasonably adopted to avoid the error.
(c) The commissioner shall adopt rules and definitions to implement this section.