Section 2651.301 - Grounds for License Denial or Disciplinary Action The department may deny an application for a license or discipline a title insurance agent or direct operation under Sections 4005.102, 4005.103, and 4005.104 if the department determines that the applicant or license holder has:
(1) wilfully violated this title;(2) intentionally made a material misstatement in the license application;(3) obtained or attempted to obtain the license by fraud or misrepresentation;(4) misappropriated or converted to the applicant's or license holder's own use or illegally withheld money belonging to a title insurance company, an insured, or another person;(5) been guilty of fraudulent or dishonest practices;(6) materially misrepresented the terms and conditions of a title insurance policy or contract; or(7) failed to maintain:(A) a separate and distinct accounting of escrow funds; and(B) an escrow bank account or accounts separate and apart from all other accounts.Tex. Ins. Code § 2651.301
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.