Page 15 - Home Buyers and Sellers Handbook English - California

Will the information I supply be kept confidential?
The information you supply is completely confidential and only for title company use in completing the search of
records necessary before a policy of title insurance can be issued.
What happens if a buyer, seller or borrower fails to provide the requested Statement of
Information?
At best, failure to provide the requested Statement of Information will hinder the search and examination
capabilities of the title company, causing delay in the production of your title policy.

At worst, failure to provide the information requested could prohibit the close of your escrow. Without a
Statement of Information, it would be necessary for the title company to list as exceptions from coverage
judgments, lines or other matters which may affect the property to be insured. Such exceptions would be
unacceptable to most lenders, whose interest must also be insured.
Conclusion?
Title companies make every attempt in issuing a policy of title insurance to identify known risks affecting your
property and to efficiently and correctly transfer title so as to protect your interests as a homebuyer. By properly
completing a Statement of Information, you allow the title company to provide the service you need with the
assurance of confidentiality.

Reprinted with permission from the California Land Title Association.

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