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Explanation of Rates |
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A Commitment to insure is issued for $50.00 |
Owner Policies are issued for the full value of
the property |
Lender Polices are issued for the amount of the
loan. |
When an Owner's and Lender's Policy covering identical
land are issued simultaneous, the Owner's rate, plus $30.00, is applicable,
if the amount of the Lender Policy is not in excess of the Owner's
Policy. |
Construction Loan Policies are issued for $30.00
Plus $1.00 per thousand of liability. |
Leasehold Policies are issued at Owner's Policy
Rate. |
Owner's or Leasehold Policy discounts
are available if the previous title policy is provided prior to commencement of
the title search for said policy. |
Special Rates are available for developers, builders,
and subdividers. |
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Note: To compute any charge on a fractional
thousand dollars
of liability consider any fraction of $1,000 as a full $1,000. All charges
shall be rounded out
to the nearest full dollar.
These Title Insurance rates have been calculated from the
rate schedule filed by the Superintendent of Insurance of
the State of New Mexico. |
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The actual premiums for
each transaction will be computed by the issuing title agent. |
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NM Title Insurance Rates
Effective as of August 1, 2009 |
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