January 31, 2024

In This Issue:

  • Feb. 5 Last Day to Register to Vote In Upcoming Primary Election
  • ICYMI: TDI Quarterly Audit Results Published: September-November 2023

Feb. 5 Last Day to Register to Vote In Upcoming Primary Election

TLTA | Jan. 31, 2024
Most elections in Texas are decided during the primaries. It is crucial that our industry get out the vote for the elected officials who share our values, support our industry, and serve as good stewards of Texas' real estate marketplace.
 
Texans can register to vote here. If you have questions about an elected official or candidate, please contact TLTA Government Affairs Director and Counsel, Aaron Day. 
 
Primary Election dates to note on your calendar
 
Feb. 5
Last day to register to vote
 
Feb. 23
Last day to apply to vote by mail
 
Feb. 20 to March 1
Early Voting
 
March 5
Election Day 

ICYMI: TDI Quarterly Audit Results Published: September-November 2023

Texas Department of Insurance | Jan. 22, 2024
The following is a summary of recent TDI audits, violations and enforcement actions from September through November 2023. Read TDI's complete summary of operations for the quarter, or review key statistics below.            
          
Compliance Audits: TDI's goal is to comprehensively audit agencies at least once every two years. This quarter, TDI conducted 83 audits.          
           
Commissioner Orders: This quarter, TDI signed three (3) Commissioner Orders. 
           
Compliance Audit Results: Below are TDI's most common audit findings for the quarter that ended in November 2023. The numbers below represent how many agencies had an infraction, not the number of times the infraction occurred:
 
Number of Agencies
Category
Description
52
Abstract Plant
Actual receipts and/or disbursements not in agreement with settlement statement or premium split not disclosed.
36
Minimum Escrow Accounting Procedures & Internal Controls
#16 - Every disbursement not supported by invoice or sufficient other evidence
35
Escrow Accounting
Outstanding checks not cleared timely
33
Procedural Rules
P-21: Schedule D of commitment not in file or premium split not disclosed on commitment.
33
Procedural Rules
P-73: Failure to prepare/maintain Form T-64 (TD) when CD used, or Form T64 was not signed by all parties. Prepared incorrectly. 
 
Review Complete Quarterly Audit Report ยป