Clarification to T-S1 Compliance Update
By TLTA Staff
Aug. 30, 2017
Last Thursday, Aug. 24, TLTA released a Compliance Update
reminding agents that the T-S1, also known as the Title Agent's Unencumbered Assets Certification, is due to TDI's Title Examinations Department by Sept. 30, 2017.
However, if an agent is exempt under the statute from having to comply with minimum capitalization, they do not need to send in the TS-1. Rule 2651.012(d) states that an "agent that maintains its principal office in a county with a population of less than 10,000 is exempt from this section." Being exempt from the unencumbered assets requirement means the agency is also exempt from the related reporting requirements.
If you have any questions, please direct them to the Title Examinations Department at the above email address, to Arturo Bustamante at Arturo.Bustamante@tdi.texas.gov
or to Robert York at 512.676.6880.
Read the Original Compliance Update »