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[-] Mis-using RESPA SECTION 9 ? - edward hartung/OH (7 replies)
10/10/2011 2:15:03 PM (2772 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 3:22:57 PM (2454 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 3:53:09 PM (2372 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 5:19:06 PM (2384 views)

RESPA doesn't differentiate between an Owner's Policy and a Lender's Policy.  It merely says that seller cannot require the Buyer to purchase title insurance covering the property from any particular title insurance company. 

I suppose the Seller could argue that the Buyer was free to choose any company he wanted for his Lender's Policy, but as a practical matter the Buyer is never going to use a different company for the Lender's Policy.  If the Seller can require a particular company for the Owner's Policy, it may be an indirect requirement that the Buyer use the same company for the Lender's Policy. 

Besides, in your hypothetical it does appear that the Seller was requiring a particular title company and the Buyer is still paying half the premium.  Isn't that still a requirement that "title insurance covering the property be purchased by the buyer from any particular title company?"

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Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 6:47:28 PM (2285 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 7:03:28 PM (2332 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 7:59:12 PM (2284 views)
Re: Mis-using RESPA SECTION 9 ? - Patrick Scott/IL
10/10/2011 7:14:44 PM (2250 views)

[+] Boston National in NC Bad Pay - Deborah Jackson/GA (5 replies)
10/10/2011 11:37:52 AM (2777 views)

[+] Question for VMs and Title Agents - Scott Perry/PA (9 replies)
10/10/2011 10:49:01 AM (2663 views)

[+] Robosigning 2 Mortgage Foreclosure File Reviewers - Leigh Attridge/MA (1 reply)
10/10/2011 9:20:36 AM (4103 views)

When the Uprooted Put Down Roots - Leigh Attridge/MA
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Update Your Directory Listing! - Robert Franco/OH
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Squatters' Rights - Leigh Attridge/MA
10/5/2011 4:26:59 PM (3804 views)

[+] Full copies - H/GA (6 replies)
10/4/2011 11:54:56 PM (3064 views)

[+] CONDO and HOA liens; FYI new law - CHARLENE  PERRY/MD (4 replies)
10/4/2011 11:18:26 AM (2843 views)

[+] Abstrax LLC Apologizes - Leigh Attridge/MA (4 replies)
10/3/2011 4:34:36 PM (3328 views)

[+] Comment on "Not Quite Fixed" - Source of Title/OH (3 replies)
10/3/2011 2:26:16 PM (2766 views)

[+] RedVision - Alix Ott/MI (3 replies)
10/3/2011 1:51:22 PM (4208 views)

[+] Bank of America Gets Foreclosed On! - Edward Huguenin/SC (16 replies)
10/2/2011 9:26:47 AM (4767 views)

[+] Abstracts USA back? - Brandon/MI (1 reply)
9/27/2011 10:28:20 AM (3070 views)

[+] Abstrax LLC - Leigh Attridge/MA (8 replies)
9/24/2011 5:03:55 PM (4239 views)


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