Iowa Title Company - Linn County Announcements
HOLIDAY - OFFICE CLOSING
Our offices will be closed on Wednesday, July 4 to celebrate Independence Day. We will reopen at 8:00 a.m. on Thursday, July 5. Have a safe and happy 4th of July!
Certified Title Plant
Iowa Title Company is the ONLY title company in Linn County, Iowa with a CERTIFIED TITLE PLANT. We received our certification from the Iowa Land Title Association (ILTA). Our title plant passed ILTA inspection, and was awarded this distinction. Re-inspection occurs every 5 years.
Iowa Land Title Association Certified Land Title Professionals
Iowa Title Company is pleased to announce that we have 3 Iowa Land Title Associatoin Certified Land Title Professionals (ILTA CLTP) on staff. In order to achieve this recognition, researchers must complete a series of industry-specific educational courses and score 90% on all four final exams in order to pass.
Please note that Iowa Title Company in Linn County will only be sending statements quarterly. If you wish to receive your statement more frequently, please contact our office.
The recent ruling in Standard Water Control Systems, Inc. v Jones held that contractors who do not use subcontractors are not required to file a notice of commencement on the Mechanics’ Notice and Lien Registry (MNLR) in order to file a mechanic’s lien. The Standard Water ruling, however, did not change the current requirement for contractors with subcontractors to file a Notice of Commencement.
Iowa Title Company will continue to search the Mechanics’ Notice and Lien Registry on all title products for mechanic’s liens. As such, we will continue our practice of showing mechanic’s liens as an entry in our title products. As part of our services, Iowa Title provides a separate MNLR search that reflects any notices of commencement or preliminary notices. Considering the new ruling, however, we caution our clients that an MNLR search for notices of commencement and preliminary notices may NOT reflect all possible mechanic’s liens. Therefore, the potential for a contractor to file a mechanic’s lien is possible even though the MNLR search did not reveal that a notice had been filed.
In light of this new change, Iowa Title Guaranty has updated its requirements for lien waivers at closing. We encourage you to visit their website for more information on the new requirements. http://ITG_Updated_Requirements_MNLR.