Common use of RESPA Disclosure Clause in Contracts

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, Purchaser Buyer acknowledges that Seller has not directly or indirectly required PurchaserBuyer, as a condition of sale, to purchase either a fee an owner’s or mortgagee’s title insurance policy Policy from any particular title company. If Purchaser does not wish Seller to purchase the advises Buyer that it will purchase, at Seller’s sole cost and expense, an Owner’s Policy of Title Insurance Policy from the Title Company as provided in this Agreement, Purchaser may elect to obtain such title insurance from a title company selected by Seller. Buyer may elect to change such insurance to a company of his or her its choice and shall pay, pay at Closing, that portion, if any, of the Title Insurance Policy title insurance premium charged by the title insurance company selected by Buyer in excess of what the premium that would have been if Purchaser had accepted charged by the Title Insurance Policy offered title insurance company initially selected by Seller.