Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2000 Florida Statutes

Section 627.7831, Florida Statutes 2000

627.7831  Commitments; charges; collection.--

(1)  When a title insurance commitment to insure a title or risk is issued at the request of the insured or the insured's representative, agent, or agency, a portion of the premium must be charged for the commitment when issued. The portion of the premium charged for the commitment must be credited to the premium due upon issuance of the title insurance policy.

(2)  The amount charged under subsection (1) must be collected no later than the date of the closing or 12 months after the date of the commitment, whichever occurs earlier, or another date agreed to in writing at the time of issuance of the commitment.

(3)  This section does not apply to a transaction involving a residential property.

History.--s. 97, ch. 92-318; s. 14, ch. 99-286.