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.