Under N.C.G.S 24-1.1A(c)(1), transactions in North Carolina will include a commitment charge of $15 for an Owners Policy, a Lender's Policy or an Owner's Policy that includes one Lender's Policy (i.e. simultaneous issue). By default, LodeStar bundles the commitment fee into the Lender's Title Policy within Section C. This will result in the Lender's Title Policy to be overquoted by $15.
Quote with the Commitment Fee bundled into the Lender's Title Policy:
LodeStar has the ability to itemize out this fee, if preferred. A quote with Commitment Fee itemized out within Section C:
If you would like the commitment fee itemized out, please reach out to support@lssoftwaresolutions.com. For more information, please consult the North Carolina Department of Revenue's website.