{"data":{"id":"us-dc/d.c.-code-31-5031.12","jurisdiction":"us-dc","citation":"D.C. Code § 31-5031.12","heading":"Direct operations and policyholder treatment.","body":"(a)\n“It is important to note that this form is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land.”\n\n(b)\n(1)\nA title insurer issuing a lender’s title insurance policy in conjunction with a mortgage loan made simultaneously with the purchase of all or part of the owner-occupied property securing the loan, if no owner’s title insurance policy has been requested, shall give written notice, on a form prescribed or approved by the Commissioner, to the purchaser-mortgagor at the time the title insurance commitment is prepared. The notice shall explain:\n(A)\nA lender’s title insurance policy is to be issued protecting the mortgage-lender;\n(B)\nThe policy does not provide title insurance protection to the purchaser-mortgagor as the owner of the property being purchased;\n(C)\nWhat a title policy insures against and what possible exposures exist for the purchaser-mortgagor that could be insured against through the purchase of an owner’s policy; and\n(D)\nThe purchaser-mortgagor may obtain an owner’s title insurance policy protecting the property owner at a specified cost or approximate cost, if the proposed coverages or amount of insurance is not then known.\n(2)\nA copy of the notice, signed by the purchaser-mortgagor, shall be retained in the relevant underwriting file at least 3 years after the effective date of the policy.","path":["Title 31. Insurance and Securities.","Chapter 50A. Title Insurance Insurers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-5031.12","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"bd7f37cef3c8297f1fa88973e8415dd0d42d1a97456d39a4877d73f6cbfa7fa3","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-5031.11","next":"us-dc/d.c.-code-31-5031.13"},"notice":"GroundRules: Original legal text. Not legal advice."}