The Texas Department of Insurance has adopted amendments to the Basic Manual.  Amendments include  form T-37A, Immediately Available Funds Procedure Agreement (Agent Designation for Federally-insured Lender), which provides for a designated agent of a federally-insured lender as a party to the agreement that defines procedures to make funds immediately available among a financial institution, a title company, and a federally-insured lender in the closing of a mortgage loan. In conjunction with the new form, amendments to procedural rule P-27 (Disbursement from Escrow or Trust Fund Accounts) have been adopted to conform the language of this procedural rule for use with the new form.

The amendment to §9.401 also updates the adopted Statistical Plan. The amendments to the Statistical Plan update the codes and other reporting requirements that have occurred since the last two Texas Title Insurance Biennial hearings.

• Click here  to view TDI Order of Adoption
   

•  T-37A - Immediately Available Funds Procedure Agreement
   

• P-27 - Disbursement From Escrow or Trust Fund Accounts 
   

•  TDI Statistical Plan Revision

We will be contacting you soon with information about ordering updates to the Texas Title Insurance Basic Manual.