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Rates for Title Insurance in New York
Effective November 5, 2001
Information provided by TIRSA: Title Insurance Rate Service Association
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- Simultaneous Mortgage Issue
- Refinance/Subordinate Mortgage
- NYS Endorsements (9/1/93)
- Special Risk Endorsements and Premiums
- Endorsements at $25.00
Allegany, Broome, Cattaraugus,
Cayuga, Chautauqua, Chemung, Chenango, Clinton, Cortland,
Delaware, Erie, Essex,
Franklin, Fulton, Genesee, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison,
Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, St.
Lawrence, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, Steuben, Tioga, Tompkins,
Warren, Washington, Wayne, Wyoming, and Yates
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Counties of :Albany, Bronx, Columbia, Dutchess, Greene, Kings, Nassau, New York,
Orange, Putnam, Queens, Rensselaer, Richmond, Rockland, Suffolk, Sullivan, Ulster, and
Westchester
Rates Zone 1
First 35,000 or less minimum premium (except simultaneously issued
policies) Owner's: 356 and Mortgage: 299
For each $1000 or part thereof add
| Amount of Insurance |
Owners |
Mortgage |
| Minimum |
| 35,001-50,000 |
7.92 |
6.61 |
| 50,001-100,000 |
4.94 |
4.10 |
| 100,001-500,000 |
3.98 |
3.31 |
| 500,001-1,000,000 |
3.56 |
2.96 |
| 1,000,001-5,000,000 |
3.25 |
2.71 |
| 5,000,001-10,000,000 |
2.96 |
2.47 |
| 10,000,001-15,000,000 |
2.76 |
2.31 |
| 15,000,001 and up |
2.48 |
2.07 |
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Rates Zone 2
First 35,000 or less minimum premium (except simultaneously issued
policies) Owner's: 402 and Mortgage: 344
For each $1000 or part thereof add
| Amount of Insurance |
Owners |
Mortgage |
| Minimum |
| 35,001-50,000 |
6.67 |
5.55 |
| 50,001-100,000 |
5.43 |
4.54 |
|
| 100,001-500,000 |
4.36 |
3.64 |
| 500,001-1,000,000 |
3.98 |
3.31 |
| 1,000,001-5,000,000 |
3.66 |
3.05 |
| 5,000,001-10,000,000 |
3.25 |
2.71 |
| 10,000,001-15,000,000 |
3.07 |
2.55 |
| 15,000,001 and up |
2.76 |
2.31 |
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Simultaneous Mortgage Issue
When Owners* and Mortgage Policies are being issued pursuant to the same closing,
the Mortgage Policy shall be issued at a reduced rate known as the Simultaneous Mortgage
Rate.
The Owners* Policy is charged at the full Owners* Rate and the simultaneous Mortgage
Policy is charged at 30% of the applicable Mortgage Rate up to the amount of the Owners
Policy. Any excess is charged at the full Mortgage Rate.
*Owners
Policy also applies to Leasehold Policies and Construction Loan Policies.
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Refinance/Subordinate Mortgage
Refinance or Subordinate Mortgage: Whenever a new loan policy is issued in the amount
of $475,000 or less, the charge for the New Loan Policy shall be 50% of the appliciable
full loan rate up to the greater of; the full consideration paid or the face amounts of
all existing mortgages made by the owner of the fee or leasehold estate created by the
Vesting Instrument. The Vesting Instrument or the Existing Mortgages must have been made
within ten (10) years before the date of the order for the New Loan Policy. There must be
NO CHANGE in the ownership of the fee or leasehold estate since the Vesting Instrument or
Existing Mortgage(s) was created and the New Mortgage describes the same property as is
set forth in the Vesting Instrument or the Existing Mortgage(s). Whenever a new loan
policy is issued in the amount of more than $475,000, the charge for the New Loan Policy
shall be 70% of the applicable full loan rate up to the greater of; the full consideration
paid or the face amounts of all existing mortgages made by the owner of the fee or
leasehold estate created by the Vesting Instrument. The Vesting Instrument or the Existing
Mortgages must have been made within ten (10) years before the date of the order for the
New Loan Policy. There must be NO CHANGE in the ownership of the fee or leasehold estate
since the Vesting Instrument or Existing Mortgage(s) was created and the New Mortgage
describes the same property as is set forth in the Vesting Instrument or the Existing
Mortgage(s).
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NYS Endorsements - no charge
- Standard New York Endorsements for ALTA 4/6/90 Loan and/or Owner's Policies
- Standard New York Endorsement for ALTA 10/17/92 Loan and/or Owner's Policies
- TIRSA Leasehold Endorsements for ALTA 10/17/92 Loan and/or Owner's Policies
- TIRSA Cooperative Endorsement (8/17/95) for Loan and /or Owner's Policies
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Special Risk Endorsements and Premiums
- ALTA Endorsement 9 (Restrictions Encroachment, Minerals) NY- 10% of unreduced (straight)
Mortgage Premium
- TIRSA Survey Endorsement (Loan Policy)- 10% of the unreduced (straight) Mortgage Premium
- NY Fairway Endorsement - 9/1/93- 20% of the unreduced (straight Owner's Policy
- NY Non-Imputation Endorsements -Partnership Form or Stock Acquisition - 20% of the
unreduced (straight) Owner's Premium
- Revolving Credit Mortgage Endorsements 9/1/93 - Residential and Commercial - 10% of the
unreduced (straight) Mortgage Premium
- Market Value Rider Endorsement - 10% of the unreduced (straight) Owner's Premium
- TIRSA Joint and Several Liability Endorsement $1 per $1000 of the total amount of
insurance for which this applies
- TIRSA Swap Endorsement(1/31/95)
- TIRSA Additional Interest Endorsement (1/31/95)
- TIRSA First Loss Endorsement (1/31/95) *
- TIRSA Last Dollar Endorsement (1/31/95)*
- TIRSA Contract Vendee Endorsement (1/31/95)
- * 10% of uninsured (straight) mortgage rate
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Endorsements at $25.00
- ALTA Endorsement 6 (Variable Rate Mortgage)
- ALTA Endorsement 7 (Manufactured Housing Unit)
- TIRSA Fannie Mae Ballon Mortgage Endorsement
- TIRSA Endorsement 4 (Condominium)
- TIRSA Planned Unit Development (PUD) Endorsement
- TIRSA Land Same as Survey Endorsement
- TIRSA Variable Rate Endorsement (Fixed rate conversion)
- TIRSA Endorsement 6.2 (Variable Rate Mortgage- negative amortization)
- TIRSA Environmental Protection Lien Endorsement 8.1
- TIRSA Waiver of Arbitration Endorsement for Owner's and /or Loan policy
- TIRSA New York City *Air Rights* Endorsement (9/1/93)
- TIRSA Residential Mortgage Endorsement (8/15/94)
- TIRSA Successor in Ownership of Indebtedness Endorsement (8/15/94)
- TIRSA Reverse Mortgage Endorsement (8/15/94)
- TIRSA Cluster Endorsement (1/31/95) NYSID REQUIRES TITLE INSURER APPROVAL PRIOR TO
ISSUANCE.
- TIRSA Limited Liability Company and Limited Liability Partnership Endorsement (1/31/95)
For more Title Insurance information go to the TIRSA website at:
http://www.tirsa.org/index.htm
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