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HomeFinancial CodeDiv. 9Ch. 2Art. 3§ 22316 Lot Book Report Costs

§ 22316 Lot Book Report Costs

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 22316 Lot Book Report Costs

Key Takeaways

  • •If you buy a lot book report instead of title insurance, the seller can charge you for it.
  • •This extra cost doesn’t count toward the usual fees or limits set by the law.
  • •It’s like paying for a special report instead of the regular insurance.

Example

You’re buying a house and the seller offers a lot book report instead of title insurance.

The seller can charge you for the report, and this cost won’t be added to the other fees you’re already paying.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 22316 Lot Book Report Costs

A licensee may collect the cost of a lot book report purchased in lieu of the title insurance provided for in Section 22313. The cost is not included in charges as defined in this division or in determining the maximum charges that may be made under this article. (Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)

Last verified: January 23, 2026

Key Terms

lot book reporttitle insuranceSection 22313

Related Statutes

  • § 22311 Loan Add-On Purchase Ban
  • § 22313 Insurance For Loan Collateral
  • § 100015 Licensing System Participation Authority
  • § 100016 Privacy Protection For Licensing Data
  • § 100017 Commissioner Reporting Violations

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 22316.
View Official Source