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Senate Bill 0168


 

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Senate Bill 0168

ARCHIVE (2002)

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DIGEST OF SB168 (Updated February 26, 2002 7:44 PM - DI 84)

Title searches. Requires a title insurance company to perform or cause to be performed a title search of real estate for a mortgage secured by the real estate unless the mortgage: (1) is not more than $50,000; (2) is subordinate to a prior mortgage where a title search was conducted; and (3) is not a reverse mortgage. Requires a company who does not perform a title search under this exception to first inform the person obtaining the mortgage of the person's liability under the title insurance policy.
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     Law Enacted
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