Where should the quote for the Lender‘s title insurance policy premium be disclosed on the GFE?
The Lender‘s title insurance premium is part of Block 4 (10% tolerance if lender selected or on the provider’s list and selected by the buyer/borrower), ‘Title services and lender‘s title insurance’ on the GFE, along with any fees for title searches, examinations, endorsements and all charges associated with the title services and settlement (closing) agent services.
Related Questions
- What if at closing the seller is paying for a settlement service that was listed on the GFE, such as the owner’s title insurance policy? How is this shown on the HUD-1?
- How is the premium recorded on the HUD-1 if the borrower purchases an enhanced owners title insurance policy, rather than a basic policy?
- TITLE QUESTIONS IN 1100 SERIES OF HUD-1 Question: Where should the Lenders title insurance premium be disclosed on the HUD-1?
