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.
As added by P.L.68-2002, SEC.2.
Structure Indiana Code
Article 7. Special Types of Insurance
Chapter 3. Abstract and Title Insurance
27-7-3-3.5. Requirements Applicable to Issuers of Title Insurance
27-7-3-4. Corporate Rights; Powers and Privileges
27-7-3-6. Certificate of Authority; Requirements; Issuance; Necessity to Do Business
27-7-3-7. Deposits; Title Insurance Fund
27-7-3-8. Additional Deposit to Meet Requirements of Another State; Withdrawal
27-7-3-9. Title Insurance Reserve Fund
27-7-3-10. Deficiency in Title Insurance Reserve Fund
27-7-3-11. Interest on Deposited Securities
27-7-3-13. Examination of Company; Appointment of Examiners; Report of Examination
27-7-3-14. Annual Financial Statement; Effect of Certification by Certified Public Accountant
27-7-3-15. Collection of Charges, Fees, and Taxes; Disposition
27-7-3-18. Exemptions From Chapter
27-7-3-19. Construction of Chapter
27-7-3-20. Limitation on Risks