14.14 Owner Policy Rejection

14.14.1

In General

14.14.2

Owner Policy Rejection Form

  Date: ____________________
 
  OWNER POLICY REJECTION FORM
 
  Pursuant to requirement of Sections 2704.051 and 2704.052, Texas Insurance Code, as amended, the undersigned hereby acknowledges that a Loan Policy to be issued in file No. _________________ in consideration of $ _______________ premium is to be issued to the lender and that such policy does not afford title insurance coverage to the undersigned in the event of a defect in the title to the real estate which is being acquired. An Owner’s Policy of Title Insurance in the amount of $ _______________ shall be issued for an additional premium cost of $ _______________ unless rejected hereby.
 
  The undersigned hereby reject the issuance of said Owner’s Policy.
 
  ______________________________
 
  ______________________________
 
  [ACKNOWLEDGMENT]