LegalFix
Sign In

NRS 692A.220 - Search and examination of title required; retention of records.

NV Rev Stat § 692A.220 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. No policy or contract of title insurance may be completed or executed until the title insurer has or has caused to be:

(a) Conducted a reasonable search and examination of the title; and

(b) Determined the insurability of the title in accordance with its established underwriting practices.

2. Each title insurer shall maintain records and evidence of its search and examination and of its determination of insurability for a period of not less than 5 years after the date of the policy or contract.

(Added to NRS by 1977, 982; A 1989, 585)

Previous Section
NRS 692A.210 - Waiver of right to purchase owner’s title insurance upon issuance of policy to mortgagee; form of notice and waiver.
Next Section
NRS 692A.225 - Closing protection letter: Title insurer may provide; indemnification against certain losses; fee; providing indemnification against certain losses by other means prohibited.