Form Fint123 - Texas Escrow Officers Schedule Bond Form - Texas Department Of Insurance
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1FINT123 | 0316
TEXAS ESCROW OFFICERS SCHEDULE BOND
Bond No: ___________________
Title Agency: ____________________________________________________________________________________
FULL LEGAL NAME, INCLUDING DBA OF TITLE AGENT OR DIRECT OPERATION
Title Agency Physical Address: _________________________________________________________________
ADDRESS IN TEXAS OF THE TITLE AGENT OR DIRECT OPERATION
KNOW ALL PERSONS BY THESE PRESENTS, that the Surety, _______________________________________________,
located ______________________________________________, as Surety is held and firmly bound unto the Texas
ADDRESS OF SURETY COMPANY
Department of Insurance of the State of Texas at Austin in the penal sum of $___________________ for each Escrow
Officer shown on the attached schedule as acting for the employer Title Insurance Agent/Direct Operation
referred to above, but the aggregate liability of the surety for all such Escrow Officers for any and all losses shall in no
event exceed said penal sum for the payment of which, well and truly to be made, the Surety binds itself, its successors
and assigns by these presents.
WHEREAS, each Escrow Officer named in the attached schedule has been duly licensed to act in such capacity by the
Texas Department of Insurance and is currently in the employ of said employer Title Insurance Agent/Direct Operation
and
WHEREAS, under article 9.45 of the Texas Title Insurance Act, said Title Insurance Agent/Direct Operation is required
to procure this bond on its Escrow Officers.
NOW, THEREFORE, the condition of the foregoing obligation is such that if each Escrow Officer named in the attached
schedule shall pay to the Texas Department of Insurance such pecuniary loss which the above named Title Insurance
Agent/Direct Operation shall sustain while this bond is in effect through acts of fraud, dishonesty, forgery, theft,
embezzlement or willful misapplication on the part of such Escrow Officer, either directly or alone, or in connivance
with others, then this obligation shall be void; otherwise to remain in full force and effect.
This bond shall be effective as of the beginning of the _____ day of ____________________, 20_____ and shall
continue until liability hereunder is terminated as provided herein below.
The Surety may at any time terminate its liability under this bond as to any or all Escrow Officers on
the attached list by giving thirty (30) days written notice to the employer Title Insurance Agent/Direct
Operation, named above, and to the Texas Department of Insurance of the State of Texas at its office in Austin; and
at the end of said 30 days, liability of the Surety for any and all further acts of such officer or officers shall cease.
Signed, Sealed and Dated this _____ day of __________________, 20____.
__________________________________________
Name of Surety Company
__________________________________________
Attorney-in-Fact
__________________________________________
Local Recording Agent
Texas Department of Insurance |
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