New Mexico Register / Volume XXIX, Issue 10 / May 29, 2018

 

 

This is an amendment to 13.14.17 NMAC, Section 12, effective July 1, 2018

 

13.14.17.12          FORM 3 - TRANSACTION REPORT:

NEW MEXICO TITLE INSURERS STATISTICAL REPORT

FORM 3 - TRANSACTION REPORT

For the Calendar Year Ending December 31, 20__

NEW MEXICO EXPERIENCE ONLY

Insurance Company

 

 

For Underwriters That Charge Rates Below the Promulgated Rates

NM Form No.

Trans-action Code

 

 

Transaction Type

 

 

NMAC Rate Provision

 

 

No. of Trans-actions

 

 

Direct Premiums Written

 

 

Dependent on Basic Premium Rate?

Direct Premiums As If They Had Been Written at Promulgated Rates

none

0001

Charge for Additional Chain of Title

13.14.9.16

 

 

No

 

none

0002

Charge for [Unplatted] Tract of Unusual Complexity

13.14.9.16

 

 

Yes

 

none

0003

Abstract Retirement Credit

13.14.9.24

 

 

Yes

 

none

0004

Loan Policy - Mechanic’s Lien Coverage With Evidence of Priority

13.14.9.40 E

 

 

No

 

none

0005

Loan Policy - Mechanic’s Lien Coverage Without Evidence of Priority

13.14.9.40 E

 

 

Yes

 

none

0006

Owner’s Policy - Mechanic’s Lien Coverage - Filing Period Expired

13.14.10.9A

 

 

No

 

none

0007

Owner’s Policy - Mechanic’s Lien Coverage - Filing Period Not Expired

13.14.10.9B

 

 

Yes

 

none

0008

Survey Coverage Endorsement - Owner

13.14.10.10

 

 

Yes

 

none

0009

Survey Coverage Endorsement- Lender

13.14.10.10

 

 

No

 

none

0010

Pro Forma Policy -   Owner

Subsection C of 13.14.9.19 NMAS

 

 

No

 

none

0011

Pro Forma Policy - Loan

Subsection 13.14.9.19 NMAC

 

 

No

 

none

[0009] 0012

Duplicate Original Policy

13.14.9.33

 

 

No

 

none

0013

Cancellation Fee

13.14.9.19B

 

 

No

 

1

0101

Owner’s Policy

13.14.9.20

 

 

Yes

 

1

0102

Owner’s Policy - With Bulk Rate

13.14.9.23

 

 

Yes

 

1

0103

Multiple Owners on Same Land - Simultaneous Issue

13.14.9.32

 

 

Yes

 

1

0104

Replacement Owner’s Policy

13.14.9.26

 

 

Yes

 

1

0105

Owner’s Policy After Foreclosure -Completed Foreclosure

13.14.9.28

 

 

Yes

 

1

0106

Owner’s Policy After Foreclosure -Terminated Foreclosure

13.14.9.28

 

 

Yes

 

1

0110

Owner’s Policy - Reissue (10% Discount)

13.14.9.35

 

 

Yes

 

1

0115

Owner’s Policy - Reissue (15% Discount)

13.14.9.35

 

 

Yes

 

1

0120

Owner’s Policy - Reissue (20% Discount)

13.14.9.35

 

 

Yes

 

1

0125

Owner’s Policy - Reissue (25% Discount)

13.14.9.35

 

 

Yes

 

2

0201

Loan Policy - Single Issue

13.14.9.22

 

 

Yes

 

2

0202

Loan Policy - Simultaneous Issue with Owner’s Policy

13.14.9.30

 

 

No

 

2

0203

Loan Policy - Second Mortgage or Subsequent Issue

13.14.9.36

 

 

Yes

 

2

0204

Replacement Loan Policy

13.14.9.26

 

 

Yes

 

2

0205

Loan Policy Insuring Construction Loan

13.14.9.40A

 

 

No

 

2

0206

Loan Policy Insuring Construction Loan Extension

13.14.9.40B

 

 

No

 

2

0240

Loan Policy – Substitution and Statutory Rate (within 3 years – 40%)

13.14.9.39; Section 59A-30-6.1 NMSA1978

 

 

Yes

 

2

0250

Loan Policy - Substitution and Statutory Rate (more than 3 years, less than 5 years - 50%)

13.14.9.39; Section 59A-30-6.1 NMSA1978

 

 

Yes

 

2

0260

Loan Policy – Substitution and Statutory Rate (more than 5 years, less than 10 years - 60%)

13.14.9.39; Section 59A-30-6.1 NMSA1978

 

 

Yes

 

2

0280

Loan Policy – Substitution and Statutory Rate (more than 10 years, less than 20 years - 80%)

13.14.9.39; Section 59A-30-6.1 NMSA1978

 

 

Yes

 

6

0600

Commitment for Title Insurance

13.14.9.19A

 

 

No

 

[6.1

0601

Plain Language Commitment for Title Insurance

13.14.9.19A

 

 

No]

 

9

0900

Notice of Availability of Owner’s Title Insurance

None

 

 

No

 

10

1000

Facultative Reinsurance Agreement

None

 

 

No

 

11

1104

Correction/Multipurpose Endorsement

13.14.8.8

 

 

No

 

11

1105

Renewal, Extension & Partial Release Endorsement

13.14.10.20

 

 

No

 

11

1106

Extension of Commitment for Title Insurance

13.14.9.19A

 

 

No

 

11

1108

Increase in Coverage

13.14.6.8D

 

 

Yes

 

12

1200

Condominium Endorsement – All Assessments (ALTA 4-06)

13.14.10.14

 

 

No

 

13

1300

Planned Unit Development Endorsement – All Assessments (ALTA 5-06)

13.14.10.15

 

 

No

 

13.1

1301

Planned Unit Development Endorsement – Unpaid Assessments (ALTA 5.1-06)

13.14.10.15

 

 

No

 

14

1400

Variable Rate Mortgage Endorsement (ALTA 6-06)

13.14.10.12

 

 

No

 

15

1500

Variable Rate Mortgage Endorsement - Negative Amortization (ALTA 6.2-06)

13.14.10.12

 

 

No

 

16

1600

Manufactured Housing Unit Endorsement (ALTA 7-06)

13.14.10.13

 

 

No

 

16.1

1601

Manufactured Housing Unit (Conversion Loan) Endorsement (ALTA 7.1-06)

13.14.10.13

 

 

No

 

16.2

1602

Manufactured Housing Unit

(Conversion Owner’s) Endorsement

(ALTA 7.2-06)

13.14.10.13

 

 

No

 

17

1700

Revolving Credit Endorsement

13.14.10.12

 

 

No

 

18

1800

Construction Loan Policy Endorsement A

13.14.9.40D

 

 

Yes

 

20

2000

Leasehold - Owner’s Endorsement (ALTA 13-06)

13.14.10.19

 

 

No

 

20

2003

Leasehold Owner’s Policy - Simultaneous Issue with Owner’s Policy

13.14.9.31

 

 

Yes

 

20

2010

Leasehold Owner’s Policy - Reissue (10% Discount)

13.14.9.35

 

 

Yes

 

20

2015

Leasehold Owner’s Policy - Reissue (15% Discount)

13.14.9.35

 

 

Yes

 

20

2020

Leasehold Owner’s Policy - Reissue (20% Discount)

13.14.9.35

 

 

Yes

 

20

2025

Leasehold Owner’s Policy - Reissue (25% Discount)

13.14.9.35

 

 

Yes

 

21

2100

Leasehold - Loan Endorsement (ALTA 13.1-06)

13.14.10.19

 

 

No

 

21.1

2101

Leasehold Loan Policy – Simultaneous Issue with Leasehold Owner’s Policy

13.14.9.30

 

 

No

 

22

2200

Pending Disbursement Down Date Endorsement

13.14.10.18

 

 

No

 

23

2300

Pending Improvements Endorsement

13.14.10.23

 

 

No

 

24

2400

Assignment Endorsement (ALTA 10-06)

13.14.10.8

 

 

No

 

24.1

2401

Assignment and Down Date Endorsement (ALTA 10.1-06)

13.14.10.8

 

 

No

 

25

2500

Additional Advance Endorsement

13.14.10.11

 

 

No

 

26

2600

Partial Coverage Endorsement

[None]

13.14.10.64 NMAC

 

 

No

 

28

2800

Non-Imputation - Full Equity Transfer Endorsement (ALTA 15-06)

13.14.10.21

 

 

Yes

 

28.1

2801

Non-Imputation – Additional Interest Endorsement (ALTA 15.1-06)

13.14.10.21

 

 

Yes

 

28.2

2802

Non-Imputation – Partial Equity Transfer Endorsement (ALTA 15.2-06)

13.14.10.21

 

 

Yes

 

29

2900

Environmental Protection Lien Endorsement (ALTA 8.1-06)

13.14.10.22

 

 

No

 

30

3000

Condominium Endorsement  Unpaid Assessments (ALTA 4.1-06)

13.14.10.24

 

 

No

 

31

3100

Owner’s Leasehold Conversion Endorsement

13.14.9.38

 

 

Yes

 

33

3300

Change of Name Endorsement

None

 

 

No

 

34

3400

U.S. Policy (ALTA 12-03-12)

13.14.9.25

 

 

Yes

 

41

4100

Limited Pre-Foreclosure Title Insurance Policy

(ALTA 12-03-12)

13.14.9.28

 

 

Yes

 

42

4200

Limited Pre-Foreclosure Title Insurance Policy Down Date Endorsement

(ALTA 12-03-12)

13.14.10.18

 

 

No

 

43

4300

Insuring Around Endorsement

None

 

 

No

 

44

4400

Revolving Credit -Increased Credit Limit Endorsement

13.14.10.30

 

 

No

 

45

4500

Residential Limited Coverage Junior Loan Policy ALTA (Rev. 08-01-12)

13.14.9.29

 

 

No

 

46

4600

Down Date Endorsement to Residential Limited Coverage Junior Loan Policy JR1 (ALTA 08-01-12)

13.14.10.32

 

 

No

 

47

4700

Endorsement to Residential Limited Coverage Junior Loan Policy JR2 (ALTA 08-01-12)

13.14.10.33

 

 

No

 

[48

4800

Truth-in-Lending Endorsement (ALTA 2-06)

13.14.10.31

 

 

Yes]

 

50

5000

Restrictions, Encroachments and Minerals Endorsement - Loan Policy (ALTA 9-06)

13.14.10.34

 

 

Yes

 

50.1

5001

Restrictions Encroachments, Minerals – Loan Policy Endorsement (ALTA 9.3-06)

13.14.10.34

 

 

Yes

 

51

5100

Land Abuts Street Endorsement

13.14.10.36

 

 

No

 

52

5200

Location Endorsement

(ALTA 22-06)

13.14.10.37

 

 

No

 

54

5400

Contiguity Single Parcel Endorsement (ALTA 19.1-06)

13.14.10.39

 

 

No

 

55

5500

Named Insured Endorsement

13.14.10.40

 

 

No

 

56

5600

Restrictions, Encroachments, Minerals– Owner’s Policy (Unimproved Land) Endorsement (ALTA 9.1-06)

13.14.10.34

 

 

Yes

 

56.1

5601

Restrictions, Encroachments, Minerals – Owner’s Policy – (Unimproved Land) Endorsement (ALTA 9.4-06)

13.14.10.34

 

 

Yes

 

57

5700

Restrictions, Encroachments, Minerals – Owner’s Policy (Improved Land) Endorsement (ALTA 9.2-06)

13.14.10.34

 

 

Yes

 

57.1

5701

Restrictions, Encroachments, and Minerals (Owner’s Policy -Improved Land) Endorsement (ALTA 9.5-06)

13.14.10.34

 

 

Yes

 

58

5800

First Loss - Multiple Parcel Transactions Endorsement (ALTA 20-06)

13.14.10.41

 

 

No

 

60

6000

Aggregation Endorsement (ALTA 12-06)

13.14.10.43

 

 

No

 

60.1

6001

Aggregation Endorsement (ALTA 12.1-06)

13.14.10.43

 

 

No

 

61

6100

Foundation Endorsement

13.14.10.44

 

 

No

 

62

6200

Assignment of Rents or Leases Endorsement

(ALTA 37-06)

13.14.10.45

 

 

No

 

63

6300

Short Form Residential Loan Policy

13.14.9.22

 

 

Yes

 

64

6400

Zoning - Unimproved Land Endorsement (ALTA 3-06)

13.14.10.47

 

 

Yes

 

64.1

6401

Zoning – Unimproved Land - No Applicable Zoning Ordinances Endorsement

13.14.10.47

 

 

Yes

 

65

6500

Zoning - Completed Structure Endorsement (ALTA 3.1-06)

13.14.10.48

 

 

Yes

 

65.1

6501

Zoning – Land Under Development Endorsement (ALTA 3.2-06)

13.14.10.48

 

 

Yes

 

65.2

6502

Zoning- Completed Structure - No Applicable Zoning Ordinances Endorsement

13.14.10.48

 

 

Yes

 

66

6600

Contiguity - Multiple Parcels Endorsement (ALTA 19-06)

13.14.10.39

 

 

No

 

67

6700

Access and Entry Endorsement (ALTA 17 - 06)

13.14.10.49

 

 

No

 

68

6800

Indirect Access and Entry Endorsement (ALTA 17.1-06)

13.14.10.50

 

 

No

 

69

6900

Utility Access Endorsement (ALTA 17.2-06)

13.14.10.51

 

 

No

 

70

7000

Commercial Environmental Protection Lien Endorsement (ALTA 8.2-06)

13.14.10.52

 

 

No

 

71

7100

Reverse Mortgage Endorsement (ALTA 14.3-06)

13.14.10.53

 

 

No

 

72

7200

Single Tax Parcel Endorsement (ALTA 18-06)

13.14.10.54

 

 

No

 

73

7300

Multiple Tax Parcel Endorsement (ALTA 18.1-06)

13.14.10.55

 

 

No

 

74

7400

Doing Business Endorsement (ALTA 24-06)

13.14.10.56

 

 

No

 

75

7500

Subdivision Endorsement (ALTA 26-06)

13.14.10.57

 

 

No

 

76

7600

Easement - Damage or Enforced Removal Endorsement (ALTA 28-06)

13.14.10.58

 

 

No

 

77

7700

Co-Insurance - Single Policy Endorsement (ALTA 23-06)

13.14.10.59

 

 

No

 

78

7800

Same as Survey Endorsement (ALTA 25-06)

13.14.10.38

 

 

No

 

79

7900

Same as Portion of Survey Endorsement (ALTA 25.1-06)

13.14.10.38

 

 

No

 

80

8000

Mortgage Modification Endorsement (ALTA 11-06)

13.14.10.20

 

 

No

 

80.1

8001

Mortgage Modification  With Subordination Endorsement (ALTA 11.1-06)

13.14.10.61

 

 

No

 

80.2

8002

Mortgage Modification With Additional Amount of Title Insurance Endorsement (ALTA  11.2-06)

13.14.10.61

 

 

Yes

 

83

8300

Construction Loan –Endorsement (ALTA 32.0-06)

None

 

 

No

 

83.1

8301

Construction Loan – Direct Payment Endorsement (ALTA 32.1-06)

None

 

 

No

 

83.2

8302

Construction Loan – Insured’s Direct Payment Endorsement (ALTA 32.2-06)

None

 

 

No

 

84

8400

Disbursement Endorsement (ALTA 33-06)

13.14.10.18

 

 

No

 

85

8500

Identified Risk Coverage Endorsement

None

 

 

No

 

86

8600

Policy Authentication Endorsement (ALTA 39-06)

13.14.18.111

 

 

No

 

88

8800

Energy Project Leasehold/Easement - Owner’s Endorsement (ALTA 36-06)

13.14.10.60

 

 

Yes

 

88.1

8801

Energy Project Leasehold/Easement - Loan Endorsement (ALTA 36.1-06)

13.14.10.60

 

 

Yes

 

88.2

8802

Energy Project - Leasehold - Owner’s Endorsement  (ALTA 36.2-06)

13.14.10.60

 

 

Yes

 

88.3

8803

Energy Project - Leasehold - Loan Endorsement (ALTA 36.3-06)

13.14.10.60

 

 

Yes

 

88.4

8804

Energy Project Covenants, Conditions & Restrictions - Land under Development - Owner’s Endorsement (ALTA 36.4-06)

13.14.10.60

 

 

Yes

 

88.5

8805

Energy Project Covenants, Conditions & Restrictions - Land Under Development - Loan Endorsement (ALTA 36.5-06)

13.14.10.60

 

 

Yes

 

88.6

8806

Energy Project - Encroachments Endorsement (ALTA 36.6-06)

13.14.10.60

 

 

Yes

 

88.7

8807

Energy Project - Fee Estate - Owner’s Policy Endorsement (ALTA 36.7-06)

13.14.10.60

 

 

Yes

 

88.8

8808

Energy Project - Fee Estate - Loan Policy Endorsement (ALTA 36.8-06)

13.14.10.60

 

 

Yes

 

89

8900

Mezzanine Financing Endorsement (ALTA 16-06)

13.14.10.62

 

 

No

 

90

9000

Residential Limited Coverage Modification of Mortgage Policy

13.14.9.42

 

 

Yes

 

91

9100

Contract Purchaser Conversion Endorsement

13.14.6.10

 

 

Yes

 

[2

9240

Loan Policy - Statutory Rate (within 3 years - 40%)

59A-30-6.1 NMSA 1978

 

 

Yes

 

2

9250

Loan Policy - Statutory Rate (more than 3 years, less than 5 years - 50%)

59A-30-6.1 NMSA 1978

 

 

Yes

 

2

9260

Loan Policy - Statutory Rate (more than 5 years, less than 10 years - 60%)

59A-30-6.1 NMSA 1978

 

 

Yes

 

2

9280

Loan Policy - Statutory Rate (more than 10 years, less than 20 years - 80%)

59A-30-6.1 NMSA 1978

 

 

Yes]

 

 

TOTAL:

 

 

 

 

 

Crosscheck with Form 1:

 

Difference:

 

 

Explanation for  Difference (if any):

 

 

[13.14.17.12 NMAC - Rp, 13.14.17.12 NMAC, 7/1/2006; A, 8/17/2009; A, 9/15/2010; A, 10/1/2012; A, 7/31/2014; A, 3/1/2016; A, 7/1/2018]