WHAT ARE THE SCHEDULES A, B, C and D ON A TITLE COMMITMENT?

This is the part#4 of a series of documents regarding Title Insurance.

Schedule A

·         Describes the amount of title insurance coverage to be issued in the policy.

·         Describes how the title is vested on the effective date.

·         Contains the legal description of the property to be insured.

Schedule B

·         Describes the restrictions and other title exceptions found, including but not limited to
easements that affect the property and which will be listed as exceptions in the title policy.

Schedule C

·         Describes the liens shown of record affecting the property that are being paid off or assumed in the proposed transaction.

·         Describes any title curative matters that the title company will require to be handled prior to
closing and the issuance of a title policy.

Schedule D

·         Discloses the ownership, control and senior management of the Title Insurance Company and the issuing Title Insurance Agent.

·         Discloses the estimated amount of title premium
to be collected and the names of all parties
receiving a distribution of any portion of the premium.