Effective date: 1/27/2002
Any 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 627.798, F.S.:
NOTICE TO PURCHASER-MORTGAGOR
Pursuant to section 627.798, F.S., 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.
The 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.
Dated this ____ day of ____, 20___.
(Signature of Purchaser)
Rulemaking Authority 624.308, 627.798 FS. Law Implemented 624.307(1), 627.778(1)(a), 627.7825 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.
Terms Used In Florida Regulations 69O-186.002
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.