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Title Insurance on the GFE

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Question: 
We recently had an audit. We were told that we had to provide a price for Owner's Title Insurance on the GFE. The policy for our bank is to have a Title Opinion done by an attorney. We do not require Title Insurance. Since we do not require title insurance, do we have to enter an estimated amount in Block 5?
Answer: 

See HUD's 4-2-10 FAQs, the section for Block 5.

First published on BankersOnline.com 10/04/10

First published on 10/04/2010

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