Hi all - we are an Oklahoma lender and not familiar with all the Texas-specific RE fees.
When we got the draft CloD from the law office in TX, they showed a $43.30 "Tax Cert". Our processor asked if this was a fee required to issue the title insurance policy. The law office said it is the fee to obtain the tax certificate for closing.
In Oklahoma, we are not required to obtain a tax certificate. The tax information is available free online in Oklahoma with our County Treasurer sites (most of them that are up-to-speed technologically, anyway).
NOTE that we as the lender are NOT requiring the taxes to be paid at closing (none in prepaids) and are NOT setting up an escrow account either. Therefore, we as lender are not requiring any sort of proof of the taxes having been paid.
The title company is showing it payable to "Texas Real Tax Services, Ltd.".
Do you know if this is a fee related to issuance of the title policy? If so, then it will go with our other title fees in 10% cumulative tolerance (we gave them a SPList and used the title co in TX that we knew they were closing with).
Thanks in advance.
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Compliance - A Painful Addiction
All comments are mine & should not be taken as legal advice.