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Commissioner’s Bulletin # B-140

BULLETIN NO. 140

March 29, 1973


To: ALL TITLE INSURANCE COMPANIES LICENSED TO DO BUSINESS IN THE STATE OF TEXAS, AND ALL AGENTS THEREOF


Re: AFFIRMATIVE INSURANCE REQUEST NEW JERSEY SAVINGS AND LOANS MORTGAGES

We have been asked if it is permissible for a Texas Title Insurer or its Agent to make the following certification:

"This policy insures that the mortgage set forth herein is a valid first mortgage lien on the above mentioned premises in accordance with the definition contained in N.J.S.A. 17:12B-11 of the Savings and Loan Act."

We are of the opinion that it is not permissible for a Texas Title Insurer or its Agent to provide this certification.

/s/ Ira M. Goodrich
IRA M. GOODRICH
Director of Title Insurance

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