RESPA Disclosure Sample Clauses
The RESPA Disclosure clause requires parties involved in certain real estate transactions to provide specific disclosures mandated by the Real Estate Settlement Procedures Act (RESPA). Typically, this means that buyers and sellers must receive information about settlement costs, lender practices, and their rights during the transaction process. By ensuring these disclosures are made, the clause promotes transparency and helps prevent unexpected fees or abusive practices, ultimately protecting consumers and fostering informed decision-making in real estate deals.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Purchaser acknowledges that Seller has not directly or indirectly required Purchaser, as a condition of sale, to purchase either a fee owner’s or mortgagee’s title insurance policy from any particular title company. If Purchaser does not wish Seller to purchase the Title Insurance Policy from the Title Company as provided in this Agreement, Purchaser may elect to obtain such title insurance from a title company of his or her choice and shall pay, at Closing, that portion, if any, of the Title Insurance Policy premium in excess of what the premium would have been if Purchaser had accepted the Title Insurance Policy offered by Seller.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, ▇▇▇▇▇ acknowledges that Seller has not directly or indirectly required Buyer, as a condition of sale, to purchase either a fee owner’s or mortgagee’s title insurance policy from any particular title company. Seller has advised ▇▇▇▇▇ that it will purchase, at Seller’s sole cost and expense, a fee owner’s title insurance policy from Title Company. Seller has also advised Buyer that if Buyer does not wish Seller to purchase the title insurance policy from Title Company, then Buyer may elect to obtain such insurance from a company of Buyer’s choice and shall pay, at Closing, that portion, if any, of the title insurance premium in excess of what the premium would have been if Buyer had accepted the title insurance policy offered by Seller.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, ▇▇▇▇▇ acknowledges that Seller has not directly or indirectly required Buyer, as a condition of sale, to purchase title insurance from any particular title company, and has advised Buyer that Buyer may purchase title insurance from a company of Buyer’s choice.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, You acknowledge that We have not directly or indirectly required You, as a condition of this sale, to purchase either an owner's or mortgagee's title insurance policy from any particular insurer or agency.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, as amended (“RESPA”), Buyer acknowledges that Seller has not directly or indirectly required Buyer, as a condition of sale, to purchase either an owner or mortgagee's title insurance policy from any particular title company or particular title agent or to use any particular closing attorney. Buyer may elect to obtain such insurance from a title company and/or title agent of Buyer's choice and except as provided herein, Buyer shall pay, at Closing, the title insurance premium for such policy or policies; Buyer may also use any closing attorney of Buyer’s choice.
RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, I acknowledge that Seller has not directly or indirectly required me as a condition of sale to purchase either an owner's or mortgagee's title insurance policy from any particular insurer or agency.
RESPA Disclosure. Purchaser acknowledges that Seller has not directly or indirectly required Purchaser, as a condition of sale, to purchase either an owner's or mortgagee's title insurance policy from any particular title company. Purchaser may elect to obtain such insurance from a company of Purchaser's choice and Purchaser shall pay, at closing, the title insurance premium for such policy.