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Q & A | Issuing a T-1R Owner’s Title Policy

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FIRST NEWS | Monthly E-Newsletter
July 24, 2014
FIRST NEWS | Monthly E-Newsletter
August 24, 2014
Published by David Hays on August 13, 2014
Categories
  • Underwriting Q & A's
Tags
  • "residential" real property
  • big investor
  • business entity
  • David Hays
  • FAQ's
  • First National Title Insurance
  • First National Title Insurance Company
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  • Frequently asked questions
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  • Questions and answers
  • T-1R Owner's Title Policy
  • Texas
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  • title questions
  • TX

Q: Do I always issue a T-1R Owner’s Title Policy if the property is “residential” real property?


A: No. You should issue the T-1R only when the property is “residential real property and the insured is a natural person.” When the purchaser of residential real property is a business entity (e.g. Big Investor, LLC) you should issue the T-1 Owner’s Title Policy because the insured is not a natural person.

 

 


 

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David Hays

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