Owner’s Policy Availability
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Table of Contents
OTP
Owner’s Policy Availability
Many states require a notice of availability and waiver of Owner’s Policy if a Loan Policy is being issued in connection with the purchase of land.
Requirements
OTPR01
STG
12/01/1995
V
1
Notice of Owner’s Policy Availability
The Company requires a signed statement by the purchasers/mortgagors acknowledging their right to obtain an owner’s title policy and waiving or rejecting such policy.
Comment: Many states require a notice of availability and waiver of Owner’s Policy if a Loan Policy is being issued in connection with the purchase of land.
Comment: Many states require a notice of availability and waiver of Owner’s Policy if a Loan Policy is being issued in connection with the purchase of land.