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Indiana Code Title 27. Insurance § 27-7-3-21

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 21.  A company described in section 3 of this chapter that issues a title insurance policy shall perform or cause to be performed a title search for the real estate in conjunction with a mortgage secured by the real estate unless the mortgage meets all of the following requirements:

(1) The principal amount of the mortgage is not more than fifty thousand dollars ($50,000).

(2) The mortgage is subordinate to a prior mortgage where a title search was conducted and a title policy was issued.

(3) The mortgage is not a reverse mortgage.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-7-3-21 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-3-21/

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