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December 14, 2021 | ||||
title insurance policy: effective date per a date down endorsementCHFA has updated its Seller’s Guide with the language in bold below, to provide further clarification relating to its title policy requirements.The Date of Policy should be no earlier than the date and time of recording of the First Deed of Trust, unless the Short Form Title Policy also includes language stating, “or the date of recording, whichever is later.” When the Short Form Title policy does not have the language stating “…or the date of recording, whichever is later,” then the original Date of Policy, or the updated Date of the Policy per a Date Down Endorsement, must be no earlier than the date and time of recording of the First Deed of Trust. If the Deed of Trust is rerecorded then the original Date of Policy, or the updated Date of the Policy per a Date Down Endorsement, must be no earlier than the date and time of the rerecording of the First Deed of Trust. Please contact CHFA Home Finance with any questions regarding these changes. CHFA Home Finance Homeownership@chfainfo.com 303.297.7376 or 888.320.3688 Denver 970.241.2341 or 800.877.8450 Western Slope |
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