627.7841
Insurance against adverse matters or defects in the title.
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627.7841 Insurance against adverse matters or defects in the title.—If a title insurer issuing a commitment or policy of title insurance upon an estate, lien, or interest in property located in this state through its officers, employees, agents, or agencies disburses settlement or closing funds, the title insurer shall insure against the possible existence of adverse matters or defects in the title which are recorded during the period of time between the effective date of the commitment and the date of recording of the document creating the estate or interest to be insured, except as to matters of which the insured has knowledge.
History.—s. 1, ch. 79-15; s. 2, ch. 81-318; ss. 581, 584, 809(2nd), ch. 82-243; s. 79, ch. 82-386; ss. 99, 114, ch. 92-318; s. 16, ch. 99-286.
Notes of Decisions
Cited in 1
case, 2013–2013 · leading case: Regions Bank v. Commonwealth Land Title Insurance
Regions Bank v. Commonwealth Land Title Insurance (2013)
“Florida law requires Commonwealth to insure against adverse matters or title defects recorded during the period between the effective date of the Title Commitment, January 27, 2006, and the effective date of the Policy, April 28, 2006, because Commonwealth’s agent disbursed…”
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