January 2016

Updates to Section I of the Basic Manual Effective Jan. 1st

Legislation that was passed from the 84th Regular Session amended several sections of the Insurance Code.
The following statutes were affected by the passage of H.B. 2491:
  • Amendment to Section 2652.001
  • Amendment to Section 2652.002
  • Amendment to Section 2652.006
  • Amendment to Section 2652.051(a)
  • Amendment to Section 2652.052(b)
  • Amendment to Section 2652.055
  • Amendment to Section 2652.056
  • Amendment to Section 2652.058
  • Amendment to Section 2652.101(a)
  • Amendment to Section 2652.151(a)
  • Addition of Section 2652.1511
  • Amendment to Section 2652.153
  • Amendment to Section 2652.203
  • Sections 2652.057(b) and 2652.152 are repealed
The effective date of the new statutes was September 1st, 2015, although the changes in law made by H.B. 2491 apply only to the issuance or renewal of an escrow officer license on or after January 1st, 2016. However, as previously reported in Dateline Austin, TDI will not implement the provisions of H.B. 2491 until changes have been made to the Texas Title Insurance Manual (Title Manual) by rule. TDI expects this process will be completed during the summer of 2016.

TLTA’s online Basic Manual has been updated with all of these changes. TLTA Basic Manual subscribers (both print and online version subscribers) will have the section update emailed to them with a link to the updated section, allowing them to print the new section immediately. They will subsequently receive section update emails every time an update is made. We recommend that subscribers print and replace all of Section I so they have the latest version.
 
If you have any questions, please give us a call at 512.472.6593 or email us at tlta@tlta.com.
 

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You have the option to order the print version of the Basic Manual subscription, the online version or a combination package that includes both. All versions come with emailed updates, so choose the option that works best for you.
 
We expect to see more comprehensive updates to the Basic Manual in 2016, and only subscribers will receive these updates. Sign up or renew now to ensure you are in compliance with the latest regulations. Click here to subscribe today.
 
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"I particularly value the search and resulting link features. Well done!"
Ken Whitlow, President / Counsel, Texas Regional Title 
 
"I am very impressed with the level of detail and the interactive features of this product."
J. Christopher Phillips, President & CEO, First National Title Insurance Company