§ 32-29-6-12 — Notice of authorization

Indiana § 32-29-6-12

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 29: MORTGAGES
• Ch. 6: Mortgage Release by Title Insurance Companies

Text

(a) A title insurance company may authorize
an appointed agent of the title insurance company to execute
certificates of release under this chapter by recording a notice of
authorization in the office of the county recorder for each county in
which the duly appointed agent is authorized to execute and record
certificates of release on behalf of the title insurance company. The
notice of authorization must state the following:
(1) The name of the title insurance company that is authorizing an
appointed agent to execute certificates of release on behalf of the
title insurance company.
(2) The identity of the person who is an appointed agent of the
title insurance company and who is authorized to execute and
record certificates of release in accordance with the requirements
of this chapter on behalf of the title insurance company.
(3) That the appointed agent has full authority to execute and
record certificates of release in accordance with the requirements
of this chapter on behalf of the title insurance company.
(b) The notice of authorization must be executed and acknowledged
in the same manner as required by law in Indiana for the execution and
acknowledgment of a deed.
(c) A single notice of authorization recorded in the office of a
county recorder under this section constitutes the authority of the
appointed agent to execute and record certificates of release in that
county on behalf of the title insurance company. A separate notice of
authority is not required for each certificate of release recorded by an
appointed agent.
(d) The authority granted to an appointed agent by a title insurance
company under this section continues until a revocation of the notice
of authorization is recorded in the office of the county recorder for the
county in which the notice of authorization was recorded.
(e) The delegation of authority to an appointed agent by a title
insurance company under this section does not relieve the title
insurance company of any liability for damages for the wrongful or
erroneous execution and recording of a certificate of release by the
appointed agent.
[Pre-2002 Recodification Citation: 32-8-15.5-12.]

Legislative History

As added by P.L.2-2002, SEC.14.