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2019 Texas Statutes
Insurance Code
Title 11 - Title Insurance
Subtitle A - General Provisions
Chapter 2502 - Prohibited Conduct
Subchapter B. Rebates and Discounts
Section 2502.052. Certain Divisions of Real Property Charges Prohibited
Universal Citation: TX Ins Code § 2502.052 (2019)
Sec. 2502.052. CERTAIN DIVISIONS OF REAL PROPERTY CHARGES PROHIBITED. Other than for services actually performed, a person may not give or accept any portion, split, or percentage of a charge made or received for a settlement or closing performed in connection with a transaction involving the conveyance or mortgaging of real property located in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
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