florida statutes: Changes to Florida Title Insurance Law
- 10/01/07 08:00 AM
Chapter 2007-44, Laws of Florida went into effect today. The changes to Florida’s title insurance laws will create a few adjustments to the way title charges are presented on closing statements. The law also repeals the prohibition on the rebate or lowering of the agent’s share of the title insurance premium and will allow title agents to charge less than actual cost for closing services, though agents are not required to engage in such negotiation. §627.7711, Florida Statutes, provides definitions related to title insurance contracts. The law amends the definitions of “related title services” and “primary title services.” “Related title services” … (3 comments)
Chapter 2007-44, Laws of Florida went into effect today. The changes to Florida’s title insurance laws will create a few adjustments to the way title charges are presented on closing statements. The law also repeals the prohibition on the rebate or lowering of the agent’s share of the title insurance premium and will allow title agents to charge less than actual cost for closing services, though agents are not required to engage in such negotiation.;)
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