Mandated Title Insurance Forms: Texas
Learn more about the specific forms mandated by The Texas Department of Insurance (TDI) for Title Agencies to use.
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Title insurance is a crucial part of the real estate industry, providing protection to buyers and lenders against any potential claims or issues related to the property's title. The Texas Department of Insurance (TDI) has a comprehensive set of guidelines for title insurance in Texas, including specific forms that must be used in certain situations.
The TDI has mandated several title insurance forms that must be used in Texas, including the Basic Premium Rate Schedule, the Texas Residential Owner Policy of Title Insurance, and the Texas Mortgagee Policy of Title Insurance. These forms provide essential information about the policy, including the premium rate, the coverage provided, and any endorsements or exceptions that have been added to the policy.
In addition to these mandated forms, the TDI has also approved several optional forms that can be used in specific situations, such as the Short Form Residential Loan Policy and the T-47 Residential Real Property Affidavit. These forms provide additional information and protection for both the buyer and the lender in specific scenarios.
By mandating and approving these specific forms, the TDI ensures that all stakeholders in a real estate transaction have access to clear and consistent information about the title insurance policy. This helps to minimize any potential risks and provides a transparent and fair process for all parties involved.
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**DISCLAIMER**
The Wicked Title Forum is a crowd-sourced resource. To help us keep our information current and correct, please comment below with any corrections or updates and we will update the article accordingly.
All sample forms should be carefully reviewed for federal & state regulatory and underwriter compliance.
The information provided here (including, but not limited to instructions, steps, or forms) is for general guidance and educational purposes only. I am not an attorney and am not giving legal advice. Information should not be considered legal, underwriting, or financial advice and is followed at your own risk. Readers should consult with their attorney and/or underwriter to obtain advice tailored to their specific circumstances.
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