Referring Party: Lennar Title, Inc., Lennar Title, LLC, or Lennar Closing Services, Inc., as applicable
(collectively, "Lennar Title")
This is to give notice that Lennar Title has a business relationship with Title Resources Group ("TRG") a
successor by merger with Doma Title Insurance, Inc. ("Doma") and Lennar Insurance Agency, LLC ("LIA")
because Lennar Title's parent, Lennar Title Group, LLC ("LTG"), has an indirect ownership interest in TRG's
and Doma's parent company and an 80% ownership interest in LIA. Because of this relationship, this referral
of services may provide Lennar Title with a financial or other benefit.
Set forth below are the estimated charges or range of charges for the settlement services provided by TRG,
Doma and LIA. You are NOT required to use TRG, Doma or LIA as a condition for closing your transaction
and obtaining insurance.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU
ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST
RATE FOR THESE SERVICES.
Title Insurance Fees
Lennar Title provides closing services and title insurance through numerous title insurance underwriters,
two of which are TRG and Doma. If TRG or Doma is selected as the title insurer, the following fees apply:
10% - 40% of costs for lender's and/or owner's title insurance, as applicable, depending on the
property state, and as shown on the Loan Estimate and/or Closing Disclosure provided by your
lender.
Insurance
Lennar Insurance Agency, LLC (LIA) is an insurance agent that provides, among other products,
homeowner's/hazard and flood insurance. Set forth below are the estimated range of charges by
LIA for the settlement services listed.
|
Description of Settlement Service |
|
Range of Charges - Annual Premium |
|
Homeowner's/Hazard Insurance |
|
0.2% - 2.5% of purchase price amount |
|
Flood Insurance |
|
0.1% - 0.5% of purchase price amount |
NOTE:
The above premium ranges for homeowner’s/hazard and flood insurance are from LIA. If
enhancements to the standard policy such as increased limits, scheduled articles, and/or earthquake
coverage are required, the premium may increase. Actual quote and acceptance by LIA are subject
to LIA's application of their underwriting guidelines, including but not limited to verification of your
credit score and previous loss history. Of course, the cost of your insurance may vary due to many
factors including, without limitation, the size, location and cost of your home.
ACKNOWLEDGEMENT
I/we have read this disclosure form and understand that Lennar Title is referring me/us to purchase the
above-described settlement service and may receive a financial or other benefit as the result of this referral.
