|
|
 |
 |
 |
 |
| |
$14,000
-
$117,000
$118,000 -
$227,000
$228,000 -
$307,000
$308,000 -
$387,000
$388,000 -
$487,000
$488,000 -
$587,000
$588,000 -
$687,000
$688,000 -
$787,000
$788,000 -
$887,000
$888,000 -
$987,000
$988,000 -
$1,000,000 |
|
|
 |
 |
|
Explanatory Notes
Commitments for title insurance are issued only upon receipt of
an order of a specific amount for a policy of title insurance.
Preliminary reports, letter reports or opinions of title as such
are not issued.
This schedule provides for a single basic rate for standard
coverage with additional charges for ALTA (extended) form
policies. The ALTA lenders rate is an additional 30% of the
general schedule, with a minimum of $50.00. Rates for
endorsements and special risks as filed with the Department of
Insurance will be quoted upon request.
|
Rates for All
Simultaneous Issues: |
|
| |
$50.00
plus any additional ALTA charges including endorsements, if
applicable. |
|
|
Owner's or
Purchaser's Policies: |
|
| |
Full value
of the property. Proposed betterments or anticipated increase in
land value may be insured as agreed upon by the applicant and
the company. |
|
|
| Lender's
Policy: |
|
| |
Cannot be issued for an amount less than the full amount of the
loan. |
|
|
| Owner's
Re-issue Rate: |
|
| |
Within 3 years of issuance by any title insurer, a 25% discount
is applicable on new Owners Policies. Not to be reduced to less
than $250.00. |
|
|
| Vendor's
Equity: |
|
| |
One-half of general schedule applicable to value of equity in
insured contract. Minimum $150.00. |
|
|
| Credit on
"Construction" & "Refinance" Loans: |
|
| |
Final Take Out. Within 2 years 100% credit from construction
loan toward premium on new policy. Refinance Existing Loan.
Within 3 years 50% of standard premium on last loan toward
new policy (Credit does not include ALTA charges,
endorsements, inspections and increases). |
|
|
| Escrow
Charges: |
|
| |
Basic closing costs are $300.00. Refinancing is charged at
$250.00. |
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