Sec. 7316.
A title agency or insurer may provide a property title information report. A property title information report shall be provided without payment or consideration of any kind and without any promise to obtain from the title insurer a title insurance policy for the property for which the title insurance report was prepared. If a property title information report is provided under this section, the property title information report shall disclose that it was provided without payment or consideration of any kind and that it was provided without any promise to obtain from the title insurer a title insurance policy.
History: Add. 1996, Act 566, Imd. Eff. Jan. 16, 1997 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)
Section 500.7300 - Scope of Chapter.
Section 500.7301 - Definitions.
Section 500.7302 - Corporations Authorized to Transact Title Insurance.
Section 500.7303 - Prerequisites to Issuance of Certificate of Authority.
Section 500.7304 - Title Insurers; Powers.
Section 500.7305 - Unearned Premium Reserves.
Section 500.7306 - Claim Reserves; Requirements.
Section 500.7308 - Reinsurance; Authorization.
Section 500.7310 - Rating Organizations; Formation; Operation.
Section 500.7312 - Rates; Filing.
Section 500.7315 - Investments; Interests in Realty.
Section 500.7316 - Property Title Information Report.
Section 500.7317 - Licensing of Agents or Solicitors.
Section 500.7318 - Effect of Act on Prior Act; Liabilities; Penalties.