The Commitment for Title Insurance is the preliminary document issued by the Title Company that contains the conditions and requirements under which a title policy may be insured. It is a state promulgated form and may only be revised as indicated in the rules and regulations promulgated by the State. The four “Schedules” or sections of the Commitment are shown below: 

Schedule A- Actual Facts 

Schedule A outlines the facts including:

• Effective date of commitment
  
• Name(s) of proposed insured(s) (Owner & Lender)
  
• Proposed amount of title insurance coverage
  
• Current record owner of the property
  
• Legal description of the property to be insured
  

Tip: 

Read Schedule A and confirm that all information is accurate including spelling and name abbreviations. The names should reflect the buyer’s legal name.

Schedule B- Buyer Notification & Exceptions

Schedule B outlines the specific details of the property to be insured as well as exceptions to coverage that are not insured, including:

• Restrictions
  
• Taxes
  
• Easements
  
• Mineral Reservations/Leases
  
• Area and Survey Discrepancies
  
• Rights of others
  

Tip: 

Review Schedule B carefully as the items in this section can affect property use and access. Title objections must be submitted in writing according to the provisions of the contract. 

Schedule C- Clear to Close 

Schedule C of the Title Commitment identifies any items that must be resolved prior to closing such as:

• Liens
  
• Bankruptcies
  
• Marital Status Issues
  
• Probate Issues
  
• Entity/Trust Issues 
  

Tip: 

Read Schedule C and provide your Closer with information or assistance in resolving the items prior to closing. A title company is not permitted to provide legal counsel regarding the Title Commitment. If you have any legal questions, please refer to Rattikin & Rattikin or an attorney of your choice. 

Schedule D- Disclosure 

Schedule D is simply a disclosure of information about owners, directors, officers and underwriters required by Texas state rules and regulations. Additionally, it outlines title policy amounts. 

Tip: 

Reading and understanding the Title Commitment is paramount to the success of your closing. 

This information is provided as a courtesy and does not cover the Title Commitment in its entirety. Please contact legal counsel for any legal advice. Revised 9/17.