Tex. Codes » Insurance Code · TITLE 11. TITLE INSURANCE · SUBTITLE A. GENERAL PROVISIONS · CHAPTER 2501. GENERAL PROVISIONS
Texas Codes

Tex. Ins. Code § 2501.006 (2026)

Closing The Transaction

✓ laws through the 89th Legislature (2025)
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Sec. 2501.006. CLOSING THE TRANSACTION. (a) For purposes of this title, "closing the transaction" describes the investigation that is made:

(1) on behalf of a title insurance company, title insurance agent, or direct operation before the title insurance policy is issued; and

(2) to determine proper execution, acknowledgment, and delivery of all conveyances, mortgage papers, and other title instruments necessary to consummate a transaction.

(b) Closing the transaction includes a determination that:

(1) all delinquent taxes have been paid;

(2) in the case of an owner title insurance policy, all current taxes, based on the latest available information, have been properly prorated between the purchaser and seller;

(3) the consideration has been passed;

(4) all proceeds have been properly disbursed;

(5) a final search of the title has been made; and

(6) all necessary papers have been filed for record.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Notes of Decisions
Cited in 4 cases, 2007–2019 · leading case: Texas Dep't of Ins. v. Reconveyance Servs., Inc., 240 S.W.3d 418 (Tex. App.—Austin 2007).
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Texas Dep't of Ins. v. Reconveyance Servs., Inc., 240 S.W.3d 418 (Tex. App.—Austin 2007). · cites it 4× “See Tex. Ins.Code Ann. § 2501.006; see also Basic Manual Procedural Rule P-1(f).”
Texas Dep't of Ins. v. Reconveyance Servs., Inc., No. 03-06-00313-CV (Tex. App.—Austin Aug. 31, 2007). · cites it 2× “See Tex. Ins. Code Ann. § 2501.006 ; see also Basic Manual Procedural Rule P-1(f).”
Tyler Title Co. v. Lisa Cowley, No. 12-18-00043-CV, 2019 WL 1760105 (Tex. App.—Tyler Apr. 10, 2019). “TEX. INS. CODE ANN. § 2501.006(a) (West 2009).”
Texas Dep't of Ins. v. Reconveyance Servs., Inc., No. 03-06-00313-CV (Tex. App.—Austin Aug. 31, 2007). “See Tex. Ins. Code Ann. § 2501.006 ; see also Basic Manual Procedural Rule P-1(f).”
Tex. Ins. Code § 2501.006(a): 1 case
Tyler Title Co. v. Lisa Cowley, No. 12-18-00043-CV, 2019 WL 1760105 (Tex. App.—Tyler Apr. 10, 2019). “TEX. INS. CODE ANN. § 2501.006(a) (West 2009).”
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