Common use of RESPA Disclosure Clause in Contracts

RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Xxxxx acknowledges that Seller has not directly or indirectly required Buyer, as a condition of sale, to purchase title insurance from any particular title company, and has advised Buyer that Buyer may purchase title insurance from a company of Buyer’s choice.

Appears in 1 contract

Samples: Purchase Agreement

AutoNDA by SimpleDocs

RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Xxxxx Buyer acknowledges that Seller has not directly or indirectly required Buyer, as a condition of sale, to purchase title insurance from any particular title company, and has advised Buyer that Buyer may purchase title insurance from a company of Buyer’s choice.

Appears in 1 contract

Samples: Purchase Agreement

AutoNDA by SimpleDocs

RESPA Disclosure. As required by the Real Estate Settlement Procedures Act of 1974, Xxxxx Purchaser acknowledges that Seller has not directly or indirectly required BuyerPurchaser, as a condition of sale, to purchase either an owner's or mortgagee's title insurance policy from any particular title company, and has advised Buyer that Buyer . Purchaser may purchase title elect to obtain such insurance from a company of Buyer’s choicePurchaser's choice and Purchaser shall pay, at closing, the title insurance premium for such policy.

Appears in 1 contract

Samples: Condominium Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!