Georgia Attorneys Title Guaranty Fund

Underwriting Bulletin No. 103

August 19, 2005

SUBJECT: 2005 Fulton County Taxes
It has come to our attention that the ad valorem tax bills being sent out by Fulton County for 2005 are “Temporary” and not yet official. These bills should be handled in the following manner:

(a). In a purchase transaction, have the buyer(s) sign an acknowledgement that they understand there may be additional taxes due for 2005, and it will be their responsibility to pay. Exception should be taken to 2005 taxes in any owner’s policy issued.

(b) In a refinance transaction, the borrower(s) should sign an indemnity that they will be responsible for any additional billing for 2005 taxes.

(c) In both (a) and (b) above, you may issue a loan policy subject to 2006 taxes, assuming You have paid the present billing for 2005 taxes.

If you have any questions, please call the State Underwriting Department at 404-250-1604 or

800-328-2642.

Printable version: ub103.pdf*

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