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#2266472 - 02/16/22 06:02 PM Owner's Title Insurance Disclosure - MS
Comply Central Offline
Member
Joined: Aug 2018
Posts: 69
Is a Notice of Owner's Title Insurance required for property purchased in Mississippi?

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#2266476 - 02/16/22 06:33 PM Re: Owner's Title Insurance Disclosure - MS Comply Central
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,958
Galveston, TX
I am not sure what you mean by Notice of Owner's Title Insurance, but I do not see any specific requirement in MS.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2266478 - 02/16/22 06:49 PM Re: Owner's Title Insurance Disclosure - MS rlcarey
Comply Central Offline
Member
Joined: Aug 2018
Posts: 69
In Tennessee, where we are located, a Notice of Acknowledgment With Respect To Owners Title Insurance (the title on our Disclosure), is required for purchase of real property. TN Code 56-35-133 We have a loan that is being secured by property in MS and I cannot find where it is required there. Our loan processing software did not make this form or one similar available, but I wanted to make sure we didn't need it.

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#2266481 - 02/16/22 07:16 PM Re: Owner's Title Insurance Disclosure - MS Comply Central
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,958
Galveston, TX
I thought that TN disclosure was required to be delivered by the closing agent and not the lender? You do not close your own purchase money loans, do you? But there is no similar requirement in MS.

(a) In connection with any transaction involving the purchase or sale of a fee simple possessory interest (title evidencing beneficial ownership) in real property in this state, the person conducting or handling the settlement, at or before the closing of settlement and disbursement of any funds, shall obtain from the purchaser a statement in writing that the purchaser has received a notice that owner's title insurance may be available to the purchaser and that the purchaser does or does not desire to purchase the insurance coverage.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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