(a) The department, after notice and hearing, shall prescribe uniform closing and settlement statement forms to be used in connection with the closing and settlement of a transaction involving:
- (1) the conveyance or mortgage of real property; and
- (2) the issuance of a title insurance policy by a title insurance company or title insurance agent.
- (b) The department may prescribe separate forms under this section for transactions involving improved residential real property and for all other real property transactions.
- (c) The department shall design the forms under this section to enable each party to the transaction to be provided with a dual or separate form identifying only the charges made to that party.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.