Sec. 2651.055. LICENSE RENEWAL. (a) On or before the expiration date of a license issued under this subchapter, a title insurance company may renew the license by:
(1) certifying to the department each county and address at which the company operates the abstract plant for each license to be renewed;
(2) filing a completed renewal application; and
(3) paying a nonrefundable license renewal fee for each license.
(b) The department shall provide the forms used under this section.
(c) The department shall prescribe the license renewal fee in an amount not to exceed $50.
(d) If a license has been expired for 90 days or less, the license holder may renew the license by paying to the department the required nonrefundable renewal fee and a nonrefundable fee equal to one-half of the original license fee.
(e) If a license has been expired for more than 90 days, the license may not be renewed.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
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