Guaranty Assessment Recoupment Charge Must Be Rendered to TTIGA by May 1

This is a reminder that title agents must render the first quarterly Guaranty Assessment Recoupment Charge (GARC) to the Texas Title Insurance Guaranty Association (TTIGA) by May 1, 2014. For the first remittance, the fee should include $1.80 from each owner and loan policy issued between January 1 and March 31, 2014.

The charge should be remitted to TTIGA using the Guaranty Assessment Recoupment Charge Remittance Form. You can download an interactive .pdf version of that form here.

You can review the order implementing this charge from TDI Commissioner Julia Rathgeber here. While the GARC will function in a similar manner to the current Guaranty Fee, it's important to note that they are two different fees. The Guaranty Fee was reduced from $2.00 to $0.00 beginning Jan. 1, 2014, and you can read more about that here. More information may also be found at TTIGA's website here.

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