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§ 344.5. Reliance by Title Insurance Companies.

12 CA ADC § 344.5Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 12. Military and Veterans Affairs
Division 2. Department of Veterans Affairs
Chapter 2. Veterans' Farm and Home Purchases
Subchapter 3. Contract and Other Terms
12 CCR § 344.5
§ 344.5. Reliance by Title Insurance Companies.
Upon the giving of the notices prescribed by Sections 344.1, 344.2, and 344.3, above, and the failure of the contract holder and junior lienholders to respond or otherwise act within the times permitted, the Department may provide a statement to one or more title insurance companies certifying that the notices were duly given as prescribed and that the contract holder and junior lienholders failed to respond. The statement may be provided separately or may be included in a notice of cancellation of contract recorded in the county in which the property is located, and the statement may be relied upon for the purpose of issuing a policy of title insurance free and clear of any claimed interests of the contract holder and non-responding junior lienholders.

Credits

Note: Authority cited: Sections 700, Military and Veterans Code. Reference: Sections 987.5, 987.6, 987.77 and 987.78, Military and Veterans Code.
History
1. New section filed 4-4-88; operative 5-4-88 (Register 88, No. 17).
This database is current through 6/7/24 Register 2024, No. 23.
Cal. Admin. Code tit. 12, § 344.5, 12 CA ADC § 344.5
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