Pennsylvania Code
Title 7 - AGRICULTURE
Part V-C - Farmland and Forest Land
Chapter 138e - AGRICULTURAL CONSERVATION EASEMENT PURCHASE PROGRAM
PROCEDURE FOR PURCHASING AN EASEMENT
Section 138e.68 - Title insurance
Universal Citation: 7 PA Code ยง 138e.68
Current through Register Vol. 54, No. 12, March 23, 2024
(a) The county board shall provide the following to the State Board upon submission of its recommendation for the purchase of an easement:
(1) A title insurance commitment.
(2) Copies of all recorded or unrecorded
documents listed on the title insurance commitment as exceptions to the title
insurance policy.
(b) At settlement, the county board shall provide a title insurance policy issued by a title insurance company authorized to conduct business in this Commonwealth by the Insurance Department. A marked up title commitment may serve as a policy until the final policy is issued. The amount of title insurance coverage shall equal or exceed the higher of the following amounts:
(1) The difference between the appraised
market value and the appraised farmland value, as described in §
138e.65(a)
(relating to easement value and purchase price).
(2) The difference between the agricultural
value and the nonagricultural value, as described in §
138e.66(c)(3)
(relating to offer of purchase by county board), if the values are used to
calculate the easement value.
This section cited in 7 Pa. Code § 138e.64 (relating to appraisal).
Disclaimer: These regulations may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
