April 16, 2025
In This Issue:
- TDI Publishes 2023 Agent Experience Report
- Texas Legislature 89th Session Update: Senate Passes Statistical Report Deadline Bill
- FinCEN Renews Residential Real Estate Geographic Targeting Orders
TDI Publishes 2023 Agent Experience Report
TLTA | April 14, 2025
The Texas Department of Insurance published their Title Insurance Agent Experience Report Compilation for 2023.
Texas Insurance Code §2703.153 requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit business data to TDI. TDI uses this data to set title insurance premium rates.
The new agent experience report was completed with data generated during calendar year 2023.
Review Title Insurance Agent Experience Report Compilation for 2023 »
This Report Is Also Available As an Excel File (Click Here to Download) »
Looking for older experience reports?
You can find them here.
TLTA Editor's Note: We expect 2023 data for underwriters to be published soon.
Texas Legislature 89th Session Update: Senate Passes Statistical Report Deadline Bill
TLTA | April 16, 2025
Less than 47 days remain in the Texas Legislature's 89th Session. Floor activity continues today, committee hearings will be held tomorrow, and then both chambers will adjourn for the holiday weekend.
Texas Senate passes SB 1810 re: TDI deadlines for submission of title insurance statistical data. This legislation is among the bills on TLTA's affirmative legislative agenda for the 89th Session
Title insurance rates in Texas are determined based on financial and statistical data submitted annually by title insurance agents and companies. Sen. Schwertner's
SB 1810 would provide for timely and accurate data collection by mandating clear deadlines for the Texas Department of Insurance (TDI) to issue data calls and publish statistical reports. Earlier this week, the Texas Senate passed SB 1810, and it has now been sent to the House for consideration. Thank you to Sen. Schwertner and the entire Senate for passing this important legislation. We look forward to working with the House to win their approval too. Rep. King's companion bill (
HB 3502) is scheduled for hearing in the House Insurance Committee tomorrow, Thursday, April 17.
Lawmakers illustrate challenge of maintaining clear title
At a recent hearing of the Senate Business and Commerce Committee, Chairman Schwertner and Sen. Nichols shared stories related to the challenge of maintaining clear title for property.
The following video snippets are illustrative of the myriad stories that lawmakers share with TLTA's advocacy team. These examples of title-related challenges faced by elected officials help shape the development of title-related public policy governing operation of our state's real estate market:
Click image above to watch Sen. Nichols' title-related story
Click image above to watch Sen. Schwertner's title-related story
TLTA’s affirmative legislative agenda for the 89th Session
TLTA's advocacy team is supporting passage of the following bills during the 89th Legislative Session. These statutory changes would improve real estate transactions statewide:
Memorandum of Contract - HB 4063 (Ordaz)
HB 4063 »
Review TLTA's one-pager on this legislation »
Negotiated Rulemaking Implementation - SB 2433 (Parker), SB 2861 (Hughes)
SB 2433 »
SB 2861 »
Deed Fraud Self Help - SB 1734 (West) and HB 4531 (Bhojani)
SB 1734 »
HB 4531 »
Review TLTA's one-pager on this legislation »
Statistical Report Deadlines - SB 1810 (Schwertner) and HB 3502 (Rep. King) Note: Amended language expected pending stakeholder input.
SB 1810 »
HB 3502 »
County Clerk Recording Fee - SB 1547 (Zaffirini) and HB 3733 (Orr)
SB 1547 »
HB 3733 »
Review TLTA’s one-pager on this legislation »
You can find the status of the bills listed
above here.
These affirmative legislative agenda items were approved by
TLTA's Board of Directors as recommended by our
Legislative Committee, which is chaired by Steve Streiff. These statutory changes would improve real estate transactions statewide.
Legislation TLTA's Advocacy Team Is Tracking
Bills related to adverse possession, land use, HOA's and more have been filed by lawmakers.
Review the 89th Session Bills of Interest your TLTA Advocacy Team is tracking this session.
Questions About TLTA's Legislative Process?
TLTA's Legislative Committee, Local Legislative Liaisons, our industry's grassroots network and the TLTA PAC Board of Governors are all part of TLTA's team of engaged legislative advocates.
Learn More About TLTA's Legislative Process and How You Can Get Involved »
FinCEN Renews Residential Real Estate GTOs
U.S. Treasury | April 14, 2025
The Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.
The terms of the GTOs are effective beginning April 15, 2025, and ending on October 9, 2025.
No changes have been made to jurisdictional coverage since the last issuance of these GTOs. The following Texas counties continue to be included in the GTO: Bexar, Dallas, Harris, Montgomery, Tarrant, Travis, Webb.
Review FinCEN's Press Release »
Copy of the GTO »
GTO FAQs »
TLTA Editor's Note
FinCEN adopted new rules related to reporting requirements for certain all-cash residential real estate transfers, which will replace the current GTO program referenced above on Dec. 1, 2025.
The new reporting and compliance requirements will have a significant impact on you and your business when handling cash transactions. You should consult with legal counsel to ensure you fully understand your obligations under this new rule.