Breaking Down Title Commitments - Schedule B Section I 

09/01/2026 10:18 AM       Mark Goodman

We want to make sure that you completely understand your title commitment, which is why we want to take some time to break down the different sections of the document. Previously, we took a closer look at the first section of the document, Schedule A. Today, we dive into the first part of Schedule B, which is where things can become a little more complex. We lay out what to expect in Schedule B Section I below. 

The first part of Schedule B of a title commitment typically outlines a buyer’s requirement in order for a valid title insurance policy to be issued. In other words, the title insurance provider will commit to issuing a title insurance policy if the specific outlined tasks are completed. Those requirements are laid out in Schedule B Section I. 

As we regularly note, all title commitments are different, but in general, here’s a look at some of the requirements that may be noted in Schedule B Section I of your title commitment: 

• Premium Payment - Title insurance is different from other forms of insurance that require monthly or semi-annual payments to maintain coverage. Title insurance is secured with a one-time payment, but coverage will not start until that payment amount has been paid in full. 

• Recording of the Deed And Mortgage - The mortgage and deed must be officially recorded. 

• Release Of Existing Mortgages - The seller’s existing mortgage requirements will need to be paid prior to title insurance being issued for your new property. 

• Payoff Of Liens - If the seller has any additional liens associated with the property, like tax liens or mechanic’s liens, those will need to be resolved before the issuance of a title insurance policy. 

• Other Interested Parties - You’ll be required to notify the title insurance provider of the existence of any other vested parties in the transaction, like a loan institution or a co-signer. 

• Proof Of Authority - If an estate or trust is involved in the transaction, you’ll need to show proof of authority that you stand to become the rightful owner of the property in the eyes of the law. 

• Survey Requirements - Many title insurance providers will require that a survey be conducted in order to remove certain exceptions from the policy. Although the survey may not be required, you may be exposed to risk because many identifiable issues will be exempt from coverage because you didn’t conduct a land survey and have them identified prior to issuance of your policy. 

• Miscellaneous Requirements - As we mentioned, each title commitment is based on the specific property in question, so you may find some individualized requirements listed in Schedule B Section I. For example, you may be required to pay all required taxes or HOA dues prior to the title commitment becoming valid. 

Think of Schedule B Section 1 as a simple checklist of things you need to take care of before your property is insured against title defects. Review this section, meet the requirements and you’ll be good to go. And as always, if you have questions about this section or any other part of the title commitment, connect with the team at Commercial Partners today. Give our team a call at (612) 337-2470.