{"data":{"id":"us-tx/tex.-insurance-code-2652.004","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2652.004","heading":"TRUST FUND ACCOUNT DISBURSEMENTS.","body":"(a) An escrow officer may not disburse funds from a trust fund account until good funds related to the transaction have been received and deposited in the account in amounts sufficient to fund any disbursements from the transaction.\n(b) An escrow officer is not liable for a violation of this section if the violation:\n(1) was not intentional; and\n(2) resulted from a bona fide error despite the maintenance of procedures reasonably adopted to avoid the error.\n(c) The commissioner shall adopt rules and definitions to implement this section.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 11. TITLE INSURANCE","SUBTITLE D. TITLE INSURANCE PROFESSIONALS","CHAPTER 2652. ESCROW OFFICERS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2652.htm#2652.004","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"810ece0e1549cc9ee4843318967eeedff59d9990511dfb491d69614ed570945f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2652.003","next":"us-tx/tex.-insurance-code-2652.005"},"notice":"GroundRules: Original legal text. Not legal advice."}