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Amount for Title Insurance Premium on GFE/HUD?

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Question: 
Our bank was told that we must include an amount for title insurance premium on the GFE and HUD even though we do not require it. Is this true?
Answer: 

Not on non-purchase transactions but on all purchase transactions you must disclose Owner Title Insurance regardless if you require it or not.

First published on BankersOnline.com 2/25/13

First published on 02/25/2013

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Filed under lending as: 

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