Escrow Officers Schedule Bond
An Escrow Officers Schedule bond is required by the Texas Department of Insurance Code 2652. In addition, the escrow officer must hold an escrow officer license, and they must be appointed by direct operation or by a title insurance agent. If an escrow officer fails to execute his or her duties as agreed, they are liable to pay restitution. The bond must be issued by an authorized surety bond company and approved by the Texas Department of Insurance.
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