Sec. 2602.303. SERVICING FACILITY. (a) The association may handle claims through its employees or through one or more title insurance companies or other persons designated, subject to the approval of the commissioner, as a servicing facility.
(b) A title insurance company may decline designation as a servicing facility.
(c) The association shall reimburse a servicing facility for:
(1) obligations of the association paid by the facility; and
(2) expenses incurred by the facility in handling claims for the association.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
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