reissue rate

reissue rate

A discount given by a title insurance company when the prior policy on the same property was from the same title company.In some markets,even competitor companies will offer a reissue rate if the property purchaser can provide a copy of the prior title policy,thus saving some work for the current company.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Unlike many of the other title calculators offered by title companies, OneSourceQuote provides users with the reissue rate calculation on refinances and exact recording fees through an integration with a national recording database that is updated daily.
Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator
At the beginning of year 9, those who qualified for reissue rates at the beginning of year 5 apply again.
At the beginning of year 13, those who qualified for reissue rates at the beginning of year 9 apply again.
At the beginning of year 17, those who qualified for reissue rates at the beginning of year 13 apply again.
At the beginning of year 21, those who qualified for reissue rates at the beginning of year 17 apply again.
At the beginning of year 25, those who qualified for reissue rates at the beginning of year 21 apply again.
Chapter 16: Term insurance
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