RULE P-27 The following definitions shall be used to implement Art. 9.39A, Insurance Code:

a. “Good Funds” means:

1. Cash or wire transfers;

2. Certified checks, cashier’s checks and teller’s checks as further described in definition “g” of this rule;

3. Uncertified funds in amounts less than $1,500.00, including checks, traveler’s checks, money orders and negotiable orders of withdrawal; provided multiple items shall not be used to avoid the $1,500.00 limitation;

4. Uncertified funds in amounts of $1,500.00 or more, drafts, and other items when collected by the financial institution;

5. State of Texas warrants;

6. United States Treasury Checks;

7. Checks drawn on a bank or savings and loan association insured by the FDIC or FSLIC and for which a transaction code has been issued pursuant to, and in compliance with, a fully executed immediately available funds procedure agreement (form T-37) with such bank or savings and loan association;

8. Checks by city and county governments located in the State of Texas.

PLEASE NOTE:

The above definitions were copied directly from Procedural Rule P-27 as stated in the Texas Title Insurance Basic Manual. This manual sets forth the guidelines that must be followed by EVERY title insurance company doing business in the State of Texas.

It is our company policy not to accept large amounts of cash at closing. If you anticipate that you will only have access to cash on the day of closing, please notify our office at (903) 581-6400 as soon as possible.