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Item 23 - Real Estate Title and Escrow Services
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03/02/2021 Regular
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Item 23 - Real Estate Title and Escrow Services
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4/10/2024 1:51:18 PM
Creation date
8/22/2023 7:48:17 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
3/2/2021
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CHICAGO TITLE INSURANCE COMPANY <br />1. Except under the limited conditions as provided for in 2 below, the charge <br />shall be: <br />$250.00 Basic Charge for each chain of title plus minimum $10.00 for <br />each item reported. <br />NOTE: If issued in conjunction with a preliminary title report, charge <br />only for each item reported in addition to the charge for the <br />title report. <br />2. A limited service for the benefit of a lender only, provided such is related <br />to the issuance of a policy of title insurance based upon a full examination <br />of title, the charge shall be: <br />A. No additional charge where the chain of title is to cover the period <br />of time not to exceed six (6) months prior to the date the loan is <br />recorded. <br />B. For chain of title covering the period of time not to exceed forty-five <br />(45) days subsequent to the date of the issuance of the lenders <br />insurance: $100.00. <br />604 JUDGMENT LIEN GUARANTEE - CLTA GUARANTEE FORM NO. 10 <br />Per name (husband and wife considered one name): <br />$250.00 minimum, plus $10.00 for each lien reported over two. <br />605 MECHANIC'S LIEN GUARANTEE - CLTA GUARANTEE FORM NO. 9 <br />1. $250.00 minimum, plus $10.00 for each lien reported over two. <br />2. Insurance in excess of minimums: <br />20% of Insurance Rate Table R or C, as applicable for Owner's Insurance <br />10% of Insurance Rate Table R or C, as applicable for Lender's Insurance. <br />606 BANKRUPTCY GUARANTEE <br />Priced under Section 621. <br />68 <br />State of California <br />Effective: August 22, 2018 <br />
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