86R12635 JES-D
By: Taylor S.B. No. 1437
A BILL TO BE ENTITLED
AN ACT
relating to requiring information regarding easements to be
included in a commitment for title insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2703.101, Insurance Code, is amended by
adding Subsection (h) to read as follows:
(h) The commissioner shall by rule adopt language for a
disclosure regarding the nature and use of easements near
residential real property and require the disclosure to be included
in a title commitment for residential real property. The
disclosure must inform a person who purchases a title commitment
that, if the property is subject to or in an area near an easement:
(1) the nature and use of the easement may be subject
to change; and
(2) the owner of the easement may not be required to
notify nearby property owners about a change in the nature or use of
the easement.
SECTION 2. Not later than January 1, 2020, the commissioner
of insurance shall adopt rules under Section 2703.101(h), Insurance
Code, as added by this Act.
SECTION 3. This Act takes effect September 1, 2019.