Example TX Commitment Schedule D Analysis For Independent Agents 1

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Example TX Commitment Schedule D Analysis For Independent Agents 1

Form Document
06/08/2010
V 1

SCHEDULE D

Commitment No.: C-5804-

The information contained in this Schedule (D) does not affect title to or the lien upon the land described in Schedule A hereof, to be insured in any policy(ies) of title insurance to be issued in accordance with this Commitment.

As to Stewart Title Guaranty Company, the Underwriter herein, the following disclosures are made:

A-1. Shareholders owning, controlling or holding, either personally or beneficially, 10% or more of the shares of Stewart Title Guaranty Company as of the last day of the year preceding the date hereinabove set forth are as follows:

Stewart Information Services Corporation - 100%

A-2. The members of the Board of Directors of Stewart Title Guaranty Company as of the last day of the year preceding the date hereinabove set forth are as follows:

[members of the board are updated annually on the AIM for Windoes system]

A-3. The four designated officers of Stewart Title Guaranty Company as of the last day of the year preceding the date hereinabove set forth are as follows:

[Officers are updated annually on the AIM for Windows system]

As to _______________________________________________ (Title Insurance Agent), the following disclosures are made:

B-1. Shareholders, owners, partners or other persons having, owning or controlling 1% or more of Title Insurance Agent are as follows:

B-1 in Schedule D should set out all shareholders, owners etc., owning more than 1% of the title company.

B-2. Shareholders, owners, partners, or other persons having, owning or controlling 10% or more of an entity that has, owns, or controls 1% or more of Title Insurance Agent are as follows:

B-2 in Schedule D should set out all the shareholders, owners etc. who have, own or control l% or more of an entity which owns more than 10% of the title company.

B-3. If Title Insurance Agent is a corporation, the following is a list of the members of the Board of Directors:

B-3 in Schedule D should set out the Board of Directors if the title company is a corporation.

B-4. If Title Insurance Agent is a corporation, the following is a list of its officers:

B-4 in Schedule D should set out the officers of the corporation if the title company is a corporation.

C-1. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which this Commitment relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, firm or corporation receiving any sum from the settlement of this transaction will be disclosed on the closing or settlement statement.

C-1 in Schedule D should set out the estimated title premium and the various parties that will receive a portion of the premium.

You are further advised that the estimated* title premium is:

Owner's Policy $ __________________

Loan Policy $ _______________

Endorsement Charges $ ____________

Total $ _________________________

Of this total amount $ __________________ or __________ % (complete one only) will be paid to Stewart Title Guaranty Company; $ __________________ or __________ % (complete one only) will be retained by Title Insurance Agent; and any remainder of the estimated* premium will be paid to other parties as follows:

AmountPaid toServices

$ ___________ or _________ % (complete only one) ______________ ___________

$ ___________ or _________ % (complete only one) ______________ ___________

$ ___________ or _________ % (complete only one) ______________ ___________

*The estimated premium is based upon information furnished to us of the date of this Commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the State Board of Insurance.

No guidelines are available for this form at this time.