381.019. Required disclosures. - Missouri Statutes

Required disclosures.

381.019. 1. A title insurer, title agency or title agentparticipating in a settlement or closing of a residential real estatetransaction shall provide clear, conspicuous, and distinct disclosure ofpremiums and charges. The director shall adopt rules not in conflict withprovisions of the federal Real Estate Settlement Procedures Act, asamended, under section 381.042 to implement disclosure of the following:

(1) Premium;

(2) Abstract or title search and examination fee and any otherassociated charges or fees; and

(3) Settlement, escrow, or closing fees.

2. A violation of any provision under this section is a level twoviolation under section 374.049, RSMo.

(L. 2007 S.B. 66)

Effective 1-01-08