Sec. 2651.157.  ENFORCEMENT;  HEARING.  (a)  After notice and hearing, the department may revoke the license or certificate of authority of a title insurance agent, direct operation, or title insurance company that:
(1)  fails to furnish an audit report in the time required;  or
(2)  furnishes an audit report that reveals any irregularity, including a shortage, or any practice not in keeping with sound, honest business practices.
(b)  The notice must be provided to the agent, the direct operation, or each title insurance company involved.
(c)  At a hearing under this section, the agent, direct operation, or title insurance company may offer evidence explaining or excusing a failure or irregularity.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.