Texas § IN.2602.209 - FAILURE TO PAY
Full text of Texas The Texas Constitution § IN.2602.209 — FAILURE TO PAY, with citation guidance and answers to common questions.
§ IN.2602.209. FAILURE TO PAY
FAILURE TO PAY; COLLECTION BY COMMISSIONER. (a) The association shall promptly report to the commissioner a failure of a title insurance company to pay an assessment when due. (b) On failure of a title insurance company to pay an assessment when due, the commissioner may either: (1) suspend or revoke, after notice and hearing, the company's certificate of authority to engage in business in this state; or (2) assess an administrative penalty as provided by Chapter 84 in an amount not to exceed the greater of five percent of the unpaid assessment each month or $100 each month. (c) A title insurance company whose certificate of authority is canceled or surrendered is liable for any unpaid assessments made before the date of the cancellation or surrender. (d) The commissioner may collect an assessment on behalf of the association through a suit brought for that purpose. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.2602.209
What does The Texas Constitution § IN.2602.209 cover?
Section IN.2602.209 ("FAILURE TO PAY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2602.209?
A common citation format is "The Texas Constitution § IN.2602.209" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2602.209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.