Florida Administrative Code (Last Updated: October 28, 2024) |
69. Department of Financial Services |
69O. OIR – Insurance Regulation |
69O-186. Title Insurance Rates |
1Any form of written notice given by the title insurers, agents, members, employees thereof, or by agents, employees, officials of lending or other institutions to the purchaser-mortgagor in substantially the following language shall be deemed in compliance with Section 40627.798, 41Florida Statutes:
43NOTICE TO PURCHASER-MORTGAGOR
46Pursuant to Section 49627.798, 50Florida Statutes, notice is hereby given by ______ (Name of Title Insurer) to the undersigned purchaser-mortgagor that a mortgagee title insurance policy is to be issued to your mortgagee lender, and that such policy does not provide title insurance protection to you as the owner of the real estate you are purchasing.
102The undersigned has read the above notice and understands that such mortgage title insurance policy to be issued to the mortgagee lender does not provide title insurance protection to the undersigned as owner.
135Dated this ____ day of ____, 20___.
142___________________
143(Signature of Purchaser)
146Specific Authority 148624.308, 149627.798 FS. 151Law Implemented 153624.307(1), 154627.778(1)(a), 155627.7825 FS. History–New 9-23-69, Repromulgated 12-24-74, Formerly 4-21.02, Amended 6-25-86, Formerly 4-21.002, Amended 1-27-02, Formerly 4-186.002.