N.Y. Comp. Codes R. & Regs. tit. 11 § 35.8

Current through Register Vol. 46, No. 50, December 11, 2024

Section 35.8 - Use of title insurance closer by title insurance agent and title insurance corporation

(a) When a title insurance corporation engages or retains a title insurance closer at a closing, the title insurance corporation shall exercise due diligence to ensure that the title closer is competent and trustworthy; provided, however, that if the title insurance agent engages the title insurance closer, then the title insurance agent shall exercise such due diligence.

(b) The title insurance agent or title insurance corporation that engages or retains the title insurance closer shall be responsible for the title insurance closer's acts with respect to the issuance of a title insurance policy.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 35.8

Adopted New York State Register October 18, 2017/Volume XXXIX, Issue 42, eff. 10/18/2017