Texas Title Insurance Form T 2

Loan policy of title insurance form t 2 issued by.

Texas title insurance form t 2. The basic manual of rules rates and forms for the writing of title insurance in the state of texas contains seven sections and an appendix. A texas t 1 title insurance policy insures good and indefeasible title see the standard t 1 form section 3 under covered risks as well as insurance code 2502 002 which is a slightly lesser standard than the good and marketable standard that most people assume is the case. Texas short form residential loan policy of title insurance and addendum. Form t 2r texas short form residential loan sec.

Applies to texas short form residential loan policy of title insurance t 2r only. Residential owner s policy of title insurance one to four family residences. Loan policy the loan policy of title insurance form t 2 or the texas short form residential mortgagee policy of title insurance form t 2r. It contains statutes specific to title insurance that have been enacted by the texas legislature.

Any rule referring to the loan policy or loan title policy or t 2 shall apply to both forms unless the rule specifically refers to the texas short form residential mortgagee policy of title insurance form t 2r. Blank title insurance company. Section i contains title 11 of the texas insurance code and is referred to as the texas title insurance act. When a loan policy of title insurance form t 2 is to be issued insuring the lien securing a reverse mortgage loan made pursuant to subsection a 7 of section 50 article xvi texas constitution the company shall attach to the loan policy of title insurance form t 2 the texas reverse mortgage endorsement form t 43.

Texas title insurance information. Loan policy of title insurance. Form t 2 shall be used for applications to determine the eligibility of an individual trustee pursuant to section 305 b 2 of the act. Ii effective january 3 2014 policy of title insurance except to the extent of the express insurance set forth below this policy does not insure against loss or damage and the company will not pay costs attorneys fees or expenses which arise by.

Ii effective january 3 2014. Owner s policy of title insurance. Form t 2 shall be used for statements of eligibility of individuals designated to act as trustees under trust indentures to be qualified pursuant to sections 305 or 307 of the trust indenture act of 1939.