Common use of RESPA Disclosure Clause in Contracts

RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Buyer 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.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Buyer Xxxxx 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.

Appears in 1 contract

Samples: Purchase Agreement

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RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Buyer Purchaser acknowledges that Seller has not directly or indirectly required BuyerPurchaser, as a condition of sale, to purchase either an owner's or mortgagee's title insurance policy from any particular title company, and has advised Buyer that Buyer . Purchaser may purchase title elect to obtain such insurance from a company of Buyer’s choicePurchaser's choice and Purchaser shall pay, at closing, the title insurance premium for such policy.

Appears in 1 contract

Samples: Condominium Purchase Agreement

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