Sec. 2652.103. AMOUNT OF BOND OR DEPOSIT. (a) The amount of the bond or deposit required under this subchapter is determined by multiplying the number of escrow officers employed by the title insurance agent or direct operation by:
(1) $5,000 for an application of an individual who is a bona fide resident of this state; or
(2) $10,000 for an application of an individual who is a bona fide resident of a state adjacent to this state.
(b) Notwithstanding Subsection (a), the maximum amount of the bond or deposit required under this subchapter is $50,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 155 (H.B. 652), Sec. 2, eff. September 1, 2009.
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