§ 2702.001 Insured Closing and Settlement Letter: Loans
§ 2702.002 Insured Closing and Settlement Letter: Certain Buyers or Sellers
§ 2702.003 Effect of Failure to Issue Insured Closing and Settlement Letter
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Terms Used In Texas Insurance Code Chapter 2702 > Subchapter A - Insured Closing and Settlement Letters

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005