Ach Rule, endorsement or other form, or provision in the Schedules or in an endorsement to the Loan Policy that refers to a term defined in Section 1 of the Conditions of the Loan Policy (T-2).
For an Owner's Title Policy, the amendment is available only upon payment of a 15% additional premium, calculated on the scheduled premium for policy amount. For added emphasis, a reference to computer area in a policy will usually be qualified by the phrase containing approximately or more or less'.  When the Company has determined to amend the printed exception as to area and boundaries, etc., to eliminate all save and except to shortages in area (or show same on a Commitment for Title Insurance), and when there is compliance with Rules P-2 and R-16, it shall issue the T-3 Endorsement, inserting therein: 2. When a lien is assigned, and upon compliance with Rules P-9.b.(1) or P-9.b.(2) and R-11, the Company may issue the T-3 Endorsement by inserting therein: Said Loan Policy is hereby amended to name as the Insured: _______________. On qualifying transactions under this Sub-Section, the exception as to area and boundaries shall be amended to read: Shortages in area {subject to any additional exceptions, or express insurance coverage, deemed appropriate by the Company} provided that the following requirements are satisfied: Each Rule, endorsement or other form, or provision in the Schedules or in an endorsement to the Loan Policy that refers to a term defined in Section 1 of the Conditions of the Loan Policy (T-2) shall be deemed to refer to the term regardless of whether the term is capitalized in the Rule, endorsement or Schedule. In your title commitment, and ultimately your title policy, there is a general exception to your coverage that reads “Any discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements.”. ° (1) Within days after the effective date of this contract, Seller shall furnish to Buyer and Title Company Seller’s existing survey of the Property and a Residential Real Property Affidavit promulgated by the Texas Department of Insurance (T-47 Affidavit). If purchased, the additional coverage lasts for as long as you, or your heirs, own your home-whether that is 5 years or 105 years! *Don't Forget. A satisfactory survey of the property is necessary to obtain the enhanced coverages discussed above. Whether you are buying your first home or your fifth, we understand the closing process can be stressful. If there is anything we can do to make the process easier please do not hesitate to contact your assigned closer. The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements: ° (i) will not be amended or deleted from the title policy; ° (ii) will be amended to read, “shortages in area” at the expense of ° Buyer ° Seller. ° (1) Within days after the effective date of this contract, Seller shall furnish to Buyer and Title Company Seller’s existing survey of the Property and a Residential Real Property Affidavit promulgated by the Texas Department of Insurance (T-47 Affidavit). The listed forms now instruct whether the Owner’s Policy to be issued will include the “area and boundaries amendment,” (also popularly called the “survey deletion” or “survey amendment”), and, if so, whether the buyer or seller will pay for such amendment.  Policy-Any contract of title insurance, the form for which is prescribed by the Commissioner. Title Examination-The search and examination of a title to determine the conditions of the title to be insured and to evaluate the risk to be undertaken in the issuance of a title insurance policy or other title insurance form. Each Rule, endorsement or other form, or provision in the Schedules or in an endorsement to the Loan Policy that refers to a term defined in Section 1 of the Conditions of the Loan Policy (T-2) shall be deemed to refer to the term regardless of whether the term is capitalized in the Rule, endorsement or Schedule. The Insuring Forms-Language T-2R Loan Policy has survey deletion to read “shortages in area” built into it. We must have an acceptable survey and T-47 affidavit (if applicable), in order to issue this policy. Specific affirmative coverage built in for survey matters.Schedule B, Item 2, of T-2R reads:“Shortages in area. The Restrictions, Encroachments, Minerals Endorsement (The T-19.1)*. If you purchase this enhanced coverage the endorsement shown in the T-19.1 link below will be attached to, and become part of your Residential Owner's Policy. Please read the endorsement for the best understanding of the coverage. Here's the link: T-19.1 - Restrictions, Encroachments, Minerals Endorsement. Whether you are buying your first home or your fifth, we understand the closing process can be stressful. If there is anything we can do to make the process easier please do not hesitate to contact your assigned closer.
http://fredericksburgtitles.com/surveys/ http://www.tdi.texas.gov/title/titlem2g.html http://www.tdi.texas.gov/title/titlem4a.html http://haylegal.com/in-focus/what-the-heck-are-you-getting-with-that-survey-deletion-coverage-or-changes-with-the-new-trec-forms-as-of-614/ http://www.oldrepublictitle.com/houstonnational/resources/primer/EOC.asp http://haylegal.com/in-focus/what-the-heck-are-you-getting-with-that-survey-deletion-coverage-or-changes-with-the-new-trec-forms-as-of-614/ http://centraltexastitle.com/trec-contract-changes/ http://www.tdi.texas.gov/title/titlem4a.html https://www.titleresources.com/WorkArea/DownloadAsset.aspx?id=10737420487 http://www.oldrepublictitle.com/houstonnational/resources/primer/EOC.asp
will be amended to read shortages in area