Tuesday, 3 February 2015

Is it legal to offer just real estate title abstracting services, without offering title insurance and other closing services in Illinois? C...

Question

Is it legal to offer just real estate title abstracting services, without offering title insurance and other closing services in Illinois? Can only title abstracting and searching services be offered in a title abstracting business in Illinois?



Answer

I think you've asked a similar question recently. If you intend to charge money for the service and provide any kind of assurances of the certainty of your abstracts, you will need to become a licensed title insurer.



No comments:

Post a Comment