Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 9 - Title Guaranty Division
Rule 265-9.5 - Operation
Current through Register Vol. 47, No. 13, December 25, 2024
The division offers guaranties of real property titles in the state through the issuance of commitments and certificates.
(1) Commitments, certificates, forms and manuals. The terms, conditions, and form of commitments and certificates shall be approved by the division board. The division may adopt and use manuals and other forms as the division deems necessary for implementation and administration of the title guaranty program.
(2) Application for commitments and certificates. The division shall make an application for commitments and certificates available at the office of the division and on the division's Web site.
(3) Rates. The division shall set the rates for certificates and closing protection letters in an amount sufficient to permit the title guaranty program to operate on a self-sustaining basis, including payment of administrative costs and the maintenance of an adequate reserve against claims. In transactions involving extraordinary risk or unusual or unique endorsements, the division may charge additional fees.