Texas HB3412 mandates title insurance companies to inform homebuyers about potential residence homestead exemptions and assist in filing.
HB3412 amends the Texas Insurance Code to require title insurance companies to provide homebuyers with notice about potential residence homestead exemptions during the closing and settlement of real property transactions. The notice must detail eligibility criteria, application deadlines, and instructions for completing the application form. Additionally, title insurance companies must assist buyers in applying for the exemption or apply on their behalf unless the buyer declines this service.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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