What is new in Licensing for Texas?July 17, 2018
So what is new with licensing in Texas? Well, currently we are at a status quo. The Texas Department of Insurance has proposed new rules, new forms, and new procedures regarding obtaining a license to operate as a title company in Texas as well as maintain or make changes to a license to operate as a title company in Texas. These proposed rules are open for discussion until July 30. After that point, the final rule is expected to be posted and implemented in September.
What are some of the changes we are expecting?
- New forms, specific to updates on the license activity
- Escrow Officers license held by the individual, not the agency
- New CE procedures for providers and reporting criteria
- Anticipated faster response time for license changes
Ready to read the specifics? Click here for the full documented proposed updates.