The effective date of the commitment should be the date of the title report or certificate of title which is used to prepare the commitment. It is a good practice to include the hour and minute through which the search was completed if that information is available. Otherwise, the effective date should specify 8:00 a.m., the day, month and year.
The effective date of the commitment should never be changed to a later date unless the title work is updated. Doing so might require the company to insure over liens or defects which it would normally except from coverage.
File No.: 123456
Effective Date: November 2, 2000 at 8:00 a.m.
Any National Bank
Inquiries Should Be Directed To:
Sage & Wiley, PLLC
10 Main St.
Anytown, MS 39999