NEW YORK TITLE

TITLE INSURANCE RATES FOR NEW YORK

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Effective June 16, 2006. Note: When calculating a premium for an Owners Policy up to and including $1,000,000 deduct 15% from the rate calculated when using the schedule below. The Rate Calculator will make this adjustment for you.


Information provided by TIRSA: Title Insurance Rate Service Association

OPEN TIRSA RATE MANUAL


* Please note that there are certain circumstances under which certain discounts apply, depending on the nature of the transaction. Therefore, please contact New York Title to discuss the nature of the transaction to ensure you receive the lowest possible rate.

Rates Zone 2

Counties of :Albany, Bronx, Columbia, Dutchess, Greene, Kings, Nassau, New York, Orange, Putnam, Queens, Rensselaer, Richmond, Rockland, Suffolk, Sullivan, Ulster, and Westchester

Rates Zone 1

All other counties

Rates Zone 2

First 35,000 or less minimum premium (except simultaneously issued policies) Owner's: 402 and Mortgage: 344

For each $1000 or part thereof add

Amount of Insurance                            
Minimum
35,001-50,000                                      
50,001-100,000                                    
100,001-500,000                                  
500,001-1,000,000                               
1,000,001-5,000,000                            
5,000,001-10,000,000                          
10,000,001-15,000,000                        
15,000,001 and up                                 

Owners........Mortgage

6.67..............5.55
5.43..............4.54
4.36..............3.64
3.98..............3.31
3.66..............3.05
3.25..............2.71
3.07..............2.55
2.76..............2.31

Rates Zone 1

First 35,000 or less minimum premium (except simultaneously issued policies) Owner's: 356 and Mortgage: 299

For each $1000 or part thereof add

Amount of Insurance
Minimum
35,001-50,000                                    
50,001-100,000                                   
100,001-500,000                                 
500,001-1,000,000                              
1,000,001-5,000,000                            
5,000,001-10,000,000                          
10,000,001-15,000,000                        
15,000,001 and up                                 

Owners........Mortgage

6.67..............5.55
5.43..............4.54
4.36..............3.64
3.98..............3.31
3.66..............3.05
3.25..............2.71
3.07..............2.55
2.76..............2.31
Simultaneous Mortgage Issue

When Owners* and Mortgage Policies are being issued pursuant to the same closing, the Mortgage Policy shall be issued at a reduced rate known as the Simultaneous Mortgage Rate.

The Owners* Policy is charged at the full Owners* Rate and the simultaneous Mortgage Policy is charged at 30% of the applicable Mortgage Rate up to the amount of the Owners Policy. Any excess is charged at the full Mortgage Rate.

*Owners Policy also applies to Leasehold Policies and Construction Loan Policies.

 

Refinance/Subordinate Mortgage

Refinance or Subordinate Mortgage: Whenever a new loan policy is issued in the amount of $475,000 or less, the charge for the New Loan Policy shall be 50% of the appliciable full loan rate up to the greater of; the full consideration paid or the face amounts of all existing mortgages made by the owner of the fee or leasehold estate created by the Vesting Instrument. The Vesting Instrument or the Existing Mortgages must have been made within ten (10) years before the date of the order for the New Loan Policy. There must be NO CHANGE in the ownership of the fee or leasehold estate since the Vesting Instrument or Existing Mortgage(s) was created and the New Mortgage describes the same property as is set forth in the Vesting Instrument or the Existing Mortgage(s). Whenever a new loan policy is issued in the amount of more than $475,000, the charge for the New Loan Policy shall be 70% of the applicable full loan rate up to the greater of; the full consideration paid or the face amounts of all existing mortgages made by the owner of the fee or leasehold estate created by the Vesting Instrument. The Vesting Instrument or the Existing Mortgages must have been made within ten (10) years before the date of the order for the New Loan Policy. There must be NO CHANGE in the ownership of the fee or leasehold estate since the Vesting Instrument or Existing Mortgage(s) was created and the New Mortgage describes the same property as is set forth in the Vesting Instrument or the Existing Mortgage(s).


NYS Endorsements - no charge

Standard New York Endorsements for ALTA 4/6/90 Loan and/or Owner's Policies

Standard New York Endorsement for ALTA 10/17/92 Loan and/or Owner's Policies

TIRSA Leasehold Endorsements for ALTA 10/17/92 Loan and/or Owner's Policies

TIRSA Cooperative Endorsement (8/17/95) for Loan and /or Owner's Policies


Special Risk Endorsements and Premiums

ALTA Endorsement 9 (Restrictions Encroachment, Minerals) NY- 10% of unreduced (straight) Mortgage Premium

NY Fairway Endorsement - 9/1/93- 20% of the unreduced (straight Owner's Policy

NY Non-Imputation Endorsements -Partnership Form or Stock Acquisition - 20% of the unreduced (straight) Owner's Premium

Revolving Credit Mortgage Endorsements 9/1/93 - Residential and Commercial - 10% of the unreduced (straight) Mortgage Premium

Market Value Rider Endorsement - 10% of the unreduced (straight) Owner's Premium

TIRSA Joint and Several Liability Endorsement $1 per $1000 of the total amount of insurance for which this applies

TIRSA Swap Endorsement(1/31/95)

TIRSA Additional Interest Endorsement (1/31/95)

TIRSA First Loss Endorsement (1/31/95) *

TIRSA Last Dollar Endorsement (1/31/95)*

TIRSA Contract Vendee Endorsement (1/31/95)

* 10% of uninsured (straight) mortgage rate


Endorsements at $25.00

ALTA Endorsement 6 (Variable Rate Mortgage)

ALTA Endorsement 7 (Manufactured Housing Unit)

TIRSA Fannie Mae Ballon Mortgage Endorsement

TIRSA Endorsement 4 (Condominium)

TIRSA Planned Unit Development (PUD) Endorsement

TIRSA Land Same as Survey Endorsement

TIRSA Variable Rate Endorsement (Fixed rate conversion)

TIRSA Endorsement 6.2 (Variable Rate Mortgage- negative amortization)

TIRSA Environmental Protection Lien Endorsement 8.1

TIRSA Waiver of Arbitration Endorsement for Owner's and /or Loan policy

TIRSA New York City *Air Rights* Endorsement (9/1/93)

TIRSA Residential Mortgage Endorsement (8/15/94)

TIRSA Successor in Ownership of Indebtedness Endorsement (8/15/94)

TIRSA Reverse Mortgage Endorsement (8/15/94)

TIRSA Cluster Endorsement (1/31/95) NYSID REQUIRES TITLE INSURER APPROVAL PRIOR TO ISSUANCE.

TIRSA Limited Liability Company and Limited Liability Partnership Endorsement (1/31/95)

 




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