Answer:
See HUD's 4-2-10 FAQs, the section for Block 5.
First published on BankersOnline.com 10/04/10
Title Insurance on the GFE
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Question:
We recently had an audit. We were told that we had to provide a price for Owner's Title Insurance on the GFE. The policy for our bank is to have a Title Opinion done by an attorney. We do not require Title Insurance. Since we do not require title insurance, do we have to enter an estimated amount in Block 5?
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