Difference between revisions of "MT Underwriting Summary"
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Mechanics/Construction Lien must be filed w/i 45 days following completion of improvements-Claim of Lien good for 1 year, if not continued-Foreclosure action must commence within 2 years M.C.A. 71-3-531(4), 71-3-562 | Mechanics/Construction Lien must be filed w/i 45 days following completion of improvements-Claim of Lien good for 1 year, if not continued-Foreclosure action must commence within 2 years M.C.A. 71-3-531(4), 71-3-562 | ||
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| + | "Unless otherwise allowed by the Commissioner, a title insurer or title insurance producer may not knowingly issue an owner’s title insurance policy or commitment to insure unless all outstanding enforceable, recorded liens or other interests against the property title to be insured are shown. Id. § 33-25-214(3). See Mont. Admin. R. 6.6.2201(3). Specific instances where an insurer | ||
| + | may issue a policy without taking exception to a recorded item are listed in Rule | ||
| + | 6.6.2201(3). " | ||
Latest revision as of 18:30, 11 July 2017
Mechanics/Construction Lien must be filed w/i 45 days following completion of improvements-Claim of Lien good for 1 year, if not continued-Foreclosure action must commence within 2 years M.C.A. 71-3-531(4), 71-3-562
"Unless otherwise allowed by the Commissioner, a title insurer or title insurance producer may not knowingly issue an owner’s title insurance policy or commitment to insure unless all outstanding enforceable, recorded liens or other interests against the property title to be insured are shown. Id. § 33-25-214(3). See Mont. Admin. R. 6.6.2201(3). Specific instances where an insurer may issue a policy without taking exception to a recorded item are listed in Rule 6.6.2201(3). "
