Important Instructions From TDI:
Reporting PPP Loans That Were Forgiven on Experience Reports Due Dec. 13, 2021

Dec, 1, 2021
Was your agency's PPP loan forgiven in 2020? Forgiven PPP loans should be included in experience reports for 2020 statistical data.

In response to questions from TLTA members, TLTA staff worked with TDI to secure the following guidance for agents regarding how to report PPP loans forgiven in 2020. If an agent had a PPP forgiven in 2020, that information should be reported among the 2020 statistical data due Dec. 13, 2021 as part of your 2020 experience report.

The following instructions apply only to agents that had a PPP forgiven in 2020. For agents who meet that condition, please do the following when preparing your 2020 experience report, which is due Dec. 13:
  • Agent should report any PPP loans forgiven in 2020 as other income on Form E. In the text box on Form E, describe the income item as “Forgiven portion of PPP loan.”
  • Agents should only report the portion of a forgiven PPP loan as other income once it has been formally forgiven. Do not report it as other income if it has not yet been forgiven.
  • If you've already filed your 2020 experience report, and you had a PPP loan that was forgiven in 2020 that you did not include in the 2020 experience report already submitted, you should file an amended report.

Background Info on Agent Statistical Data Call Due Dec. 13, 2021
The Texas Department of Insurance sent its call for Agent Statistical Data on Oct. 11 to each agency in Texas in accordance with Texas Insurance Code §2703.153, which requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit certain data to TDI. TDI uses this data to set title insurance premium rates.

This is the second data call issued this year. The call for 2019 data was issued July 2, 2021 with a due date of Aug. 13, 2021.

Please note that this call is for data collected during calendar year 2020. You must respond to this data call using the provided instructions and forms no later than Dec. 13, 2021.

If you are unable to download the forms or have any questions concerning this data call, please contact TDI's Property and Casualty - Actuarial by phone at 512-676-6687 or by email at PCDataCallTitle@tdi.texas.gov.

On-Demand Webinar Available to Help Produce Your Experience Report
(Note: This webinar does not include the special TDI instructions listed above for agents that had a PPP loan forgiven in 2020)

Looking for help producing your experience report for TDI? Check out this on-demand webinar, TDI Experience Reporting - Industry Financial Reporting, which we produced to help you complete the report on 2019 data that was due in August. None of TDI's requirements have changed since the report on 2019 data was submitted, so this on-demand webinar can guide the production of your report for 2020 data.