Escrow & Title
A Virginia title company 'reissue rate' on title insurance is:
AThe rate for new properties only
BA discounted rate when title insurance was previously issued on the same property within a specified period✓ Correct
COnly available for commercial properties
DMandated by state law
Explanation
Title insurance reissue rates provide a discount when a new policy is being issued on a property that was previously insured within a specific period (often 3–10 years), reflecting reduced title examination costs.
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