11 CRR-NY 35.8NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 11. INSURANCE
CHAPTER II. AGENTS, BROKERS AND ADJUSTERS
PART 35. TITLE INSURANCE: TITLE INSURANCE AGENTS, AFFILIATED RELATIONSHIPS, AND REQUIRED DISCLOSURES
11 CRR-NY 35.8
11 CRR-NY 35.8
35.8 Use of title insurance closer by title insurance agent and title insurance corporation.
(a) When a title insurance corporation engages or retains a title insurance closer at a closing, the title insurance corporation shall exercise due diligence to ensure that the title closer is competent and trustworthy; provided, however, that if the title insurance agent engages the title insurance closer, then the title insurance agent shall exercise such due diligence.
(b) The title insurance agent or title insurance corporation that engages or retains the title insurance closer shall be responsible for the title insurance closer’s acts with respect to the issuance of a title insurance policy.
11 CRR-NY 35.8
Current through July 15, 2021
End of Document