Begin Collecting Guaranty Assessment Recoupment Fee Jan. 1
Fee Must Be Rendered Quarterly to TTIGA

This is a reminder that title agents will be required to collect a Guaranty Assessment Recoupment (GARC) Fee of $1.80 on each owner and loan policy beginning Jan. 1, 2014 through Dec. 31, 2014. This fee must be rendered quarterly to the Texas Title Insurance Guaranty Association (TTIGA).

You can review the full order from TDI Commissioner Julia Rathgeber here. Included in the commissioner's order is the Guaranty Assessment Recoupment Charge Remittance Form that title agents should use to remit the charge. You can download an interactive .pdf version of that form here.

While the GARC fee 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 is being reduced from $2.00 to $0.00 beginning Jan. 1, 2014, and you can read more about that here.

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