1. (1) each real estate transaction stands on its own; and
2. (2) the funds used in each transaction are separate and distinct from the funds used in a subsequent transaction.

A title insurance company, an agency title insurance producer, or an individual title insurance producer may not conduct escrow involving a land flip unless:

KEY: escrow insurance flip

Date of Last Change: December 23, 2021

Notice of Continuation: November 25, 2024

Authorizing, and Implemented or Interpreted Law: 31A-2-404(2)