Shannon Skurner photo_2008_small
Shannon Skurner
Vice President 

Texas Agency Manager
713-877-1780
sskurner@oldrepublictitle.com

ALERT!

 

 

I wanted to inform you of an urgent matter which may affect upcoming transactions.  Please read the information below regarding the upcoming increase in the Policy Guaranty Fee

 

Hope you have a great week,

Shannon Skurner

Notice of Increase in the Policy Guaranty Fee

 

The Texas Title Insurance Guaranty Association voted to increase the policy guarantee fee from $1.00 to $5.00

This change will take effect April 1, 2008

 

The Guaranty Fee will be $5.00 for each owner title policy and $5.00 for each mortgagee title policy collected during the applicable quarter.  In preparation for the new fee, please make the appropriate changes to your closing / collection procedures.

 

This new fee will be due with the new form on or before August 1, 2008.

 

Continue to use the old form for the first quarter of this year, which is due on or before May 1, 2008, to include transactions which occurred from January 1, 2008 to March 31, 2008.

Should you have any questions or require further information, please contact
David Rhodes or Steve Streiff in our Legal Department.

 

David Rhodes Photo4
David Rhodes
Senior Underwriting Counsel
888-678-1700
drhodes@oldrepublictitle.com

Steve Streiff Photo02
Steve Streiff
Underwriting Counsel
888-678-1700
sstreiff@oldrepublictitle.com

FTAF 6

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