Common use of RESPA Disclosure Clause in Contracts

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, ▇▇▇▇▇ Purchaser acknowledges that Seller has not 296 directly or indirectly required BuyerPurchaser, as a condition of sale, to purchase either a fee owner’s 's or mortgagee’s 's title insurance policy from any particular 297 title company. Seller has advised ▇▇▇▇▇ Purchaser that it will purchase, at Seller’s 's sole cost and expense, a fee owner’s 's title insurance policy from Title Companya title 298 company selected by Seller. Seller has also advised Buyer Purchaser that if Buyer Purchaser does not wish Seller to purchase the title insurance policy from Title Companysuch 299 company, then Buyer Purchaser may elect to obtain such insurance from a company of Buyer’s his choice and shall pay, at Closingclosing, that portion, if any, of the title insurance 300 premium in excess of what the premium would have been due if Buyer Purchaser had accepted the title insurance policy offered by Seller.. 301

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 an Owner's or mortgagee’s ▇▇▇▇▇▇'s title insurance policy from any particular title company. Seller has advised ▇▇▇▇▇ Buyer that it will purchase, at Seller’s 's sole cost and expense, a fee owner’s an Owner's title insurance policy from Title Companya title company selected by Seller. Seller has also advised Buyer that if Buyer does not wish Seller to purchase the title insurance policy from Title Companysuch company, then Buyer may elect to obtain such insurance from a company of Buyer’s 's choice and Buyer shall pay, at Closingclosing, 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.