Prohibition upon Guaranteeing Mortgages

Act 284 of 1921, § 709, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 709

Section 709. Prohibition upon Guaranteeing Mortgages.--A title insurance company shall not, in any manner whatsoever, guarantee the payment of the principal or the interest of bonds or other obligations secured by mortgages upon real property.

(709 added Aug 14, 1963, P.L.922, No.439)