Underwriting Q & A’s

August 17, 2016

Published by Ellen Wied on August 17, 2016

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Underwriting Q & A's

Underwriting Q & A | Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid in the collection of information for financial crimes enforcement?

Q: Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid […]

July 20, 2016

Published by David Hays on July 20, 2016

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Underwriting Q & A's

Underwriting Q & A | What is the correct premium charge for amending the survey exception in an OTP versus issuing the T19.1 endorsement?

Q: What is the correct premium charge for amending the survey exception in an OTP versus issuing the T19.1 endorsement? A: The premium calculation for each […]

June 15, 2016

Published by NolaAnn Waggoner on June 15, 2016

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Underwriting Q & A's

Underwriting Q&A | What is an Apostille?

Q: What is an Apostille? A: An Apostille is a certificate issued by a designated authority in a country which is a member of the Hague […]

May 18, 2016

Published by Ellen Wied on May 18, 2016

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Underwriting Q & A's

Q & A | Can “successors and assigns” and/or the “ISAOA” acronym be inserted on an Insured Closing Protection Letter issued in Texas?

Q: Can “successors and assigns” and/or the “ISAOA” acronym be inserted on an Insured Closing Protection Letter issued in Texas? A: No, that is not allowed […]

April 20, 2016

Published by Underwriting Department on April 20, 2016

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Underwriting Q & A's

Q & A | If a person owns separate property, what, if anything, is needed for title insuring purposes from the spouse when the property is being sold or when insuring a lien securing a loan?

Q: If a person owns separate property, what, if anything, is needed for title insuring purposes from the spouse when the property is being sold or […]

March 16, 2016

Published by NolaAnn Waggoner on March 16, 2016

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Underwriting Q & A's

Q & A | Regarding FIRPTA, is a title agent required to complete the IRS forms and determine the amount to be withheld when a foreign person is selling property?

Q: Regarding FIRPTA, is a title agent required to complete the IRS forms and determine the amount to be withheld when a foreign person is selling […]

February 17, 2016

Published by David Hays on February 17, 2016

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Underwriting Q & A's

Q & A | Can we insure a sale transaction where seller acquired title by a tax foreclosure deed?

Q: Can we insure a sale transaction where seller acquired title by a tax foreclosure deed? A: Yes, FNTI will insure a subsequent sale by a […]

January 20, 2016

Published by Ellen Wied on January 20, 2016

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Underwriting Q & A's

Q & A | When we receive a contract for the sale of a 1-4 family residence and there is no HOA addendum attached, who pays for the resale certificate?

Q: When we receive a contract for the sale of a 1-4 family residence and there is no HOA addendum attached, who pays for the resale […]

December 16, 2015

Published by David Hays on December 16, 2015

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Underwriting Q & A's

Q & A | ATTENTION ALL NOTARIES!! NEW LAWS!! Did you know that there is a new law that affects your ability to acknowledge documents?

Q: ATTENTION ALL NOTARIES! NEW LAWS! Did you know that there is a new law that affects your ability to acknowledge documents? A: You do now. […]