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The program is designed to support delivery of compliant certificates within thirty days, or faster when lender instructions require it, and it must not be issued with Division-issued commitments. It outlines eligibility requirements for unreleased mortgages and liens, payoff statement requirements, certificate preparation steps, and procedures when releases are not filed within sixty days or are invalid.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/rapid-certificate-program-manual-updated-january-31-2020/279765/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/rapid-certificate-program-manual-updated-january-31-2020/279765.png","ImageObject",442,249,{"name":88,"@type":89},"Caleb Sterling","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the Iowa Title Guaranty Rapid Certificate Program intended to do?","Question",{"text":108,"@type":109},"It allows field issuers to issue ITG certificates guaranteeing against actual loss or damage tied to enforcing a prior mortgage or lien that has not yet been released of record.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"When must ITG certificates be issued and delivered under the program?",{"text":113,"@type":109},"Field issuers must issue and deliver certificates within thirty (30) days of the later of settlement date or when the commitment terms and conditions are satisfied, or within a shorter timeframe if lender instructions require it.",{"name":115,"@type":106,"acceptedAnswer":116},"What must a payoff statement include for use in the program?",{"text":117,"@type":109},"It must state the unpaid balance, the address/instructions for payment, the property description sufficient to identify the land released, the good-through date, and an affirmative release statement upon full payment.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},279765,1790189317,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},962084925290,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","RAPID CERTIFICATE PROGRAM MANUAL  \nUpdated January 31, 2020  \nRAPID CERTIFICATE PROGRAM MANUAL  \nThe Iowa Title Guaranty (ITG) Rapid Certificate Program offers field issuers the ability to issue ITG certificates, despite unreleased prior mortgages and liens. An ITG field issuer may issue a certificate guaranteeing against actual loss or damage sustained due to the enforcement of a prior mortgage or lien paid at or prior to the current transaction that has not yet been released of record. A rapid certificate may not be issued in conjunction with a Division-issued commitment.  \nThe purpose of the program is to enable the field issuer to issue and deliver certificates in compliance with ALTA Best Practice Pillar 5 and ITG’s participation agreement. The field issuer shall issue and deliver ITG certificates within thirty (30) days of the later of (i) the date of settlement, or (ii) the date that the terms and conditions of the commitment are satisfied. ITG’s participation agreement further provides that in the event the lender’s closing instructions require a shorter timeframe to issue and deliver ITG certificates, the field issuer shall adhere to the lender’s requirements.  \nDETERMINING ELIGIBILITY REQUIREMENTS  \n\n|  | UNRELEASED MORTGAGE | UNRELEASED LIEN |\n| --- | --- | --- |\n| Maximum lien amount | $1,000,000*;$20,000,000 if paid off by ITG\u003Cbr>Commercial* | $500,000* |\n| Field issued certificate | 􀀹 | 􀀹 |\n| Written payoff statement** or paid in full letter | 􀀹 | 􀀹 |\n| Proof of payment (copy of cancelled check, wire confirmation, or paid in full letter) | 􀀹 | 􀀹 |\n| Request to close (kill-letter) signed by borrower(s) if open-end, future advance, HELOC, or other line of credit | 􀀹 | N/A |\n| Inclusion of the Endorsement Against Loss-Lien on the certificate | 􀀹 | 􀀹 |\n\n*Unless prior written approval is obtained from the Iowa Title Guaranty Director.  \n**See payoff statement requirements below.  \nPAYOFF STATEMENT REQUIREMENTS The payoff statement must reflect the following:  \n1. UNPAID BALANCE: The unpaid balance of the loan secured by the mortgage or lien, including principal, interest and any other charges properly due under or secured by the mortgage or lien (e.g. , penalty fees, release fees, per diem), orthe amount required to be paid in order to release the mortgage or lien.  \n2. ADDRESS FOR PAYMENT: The address where payment must be sent or other specific instructions for remitting payment.  \n3. PROPERTY DESCRIPTION: The legal description, street address or other property description sufficient to identify the Land that will be released from the mortgage or lien.  \n4. GOOD THROUGH DATE: The date through which the payoff statement is valid.  \n5. STATEMENT OF RELEASE: A affirmative statement providing that the Land will be released from the mortgage or lien upon payment in full of the amount described in the payoff statement.  \nRAPID CERTIFICATE PROGRAM MANUAL | PAGE 2  \nHOW TO USE THE RAPID CERTIFICATE PROGRAM  \n1. Verification of Eligibility.  \na.) Field issuer must confirm that the mortgage and/or lien qualifies for use of the Rapid Certificate Program.  \n2. Certificate Preparation.  \na.) Field issuer prepares the certificate as follows:  \ni.) The paid, but unreleased lien remains as an exception on Schedule B, Part I;  \nii.) Add an Endorsement Against Loss-Lien for each paid, but unreleased lien or mortgage;  \niii.) Complete each Endorsement Against Loss-Lien by inserting the appropriate special exception number pertaining to the unreleased lien or mortgage in the variable field.  \nb.) Upload the written payoff statement, proof of payment, request to close or other supporting documentation to the Endorsement Against Loss-Lien.  \nc.) Issue and deliver certificate to lender and/or owner.  \n3. Confirmation of Release and Satisfaction Filing.  \na.) Field issuer shall periodically check for the filing of the appropriate release and satisfaction of the mortgage or lien.  \nb.) Upon verification of the release and satisfaction filin","cbCaiu1ISofIZIr1","https://ap.wps.com/l/cbCaiu1ISofIZIr1","pdf",335967,"English","# Determining Eligibility Requirements\n## Eligibility table: unreleased mortgage vs unreleased lien\n# Payoff Statement Requirements\n# How to Use the Rapid Certificate Program\n## Verification of Eligibility\n## Certificate Preparation\n## Confirmation of Release and Satisfaction Filing\n# What Happens If Release and Satisfaction Is Not Filed or Is Invalid\n## Mortgage\n## Lien","[{\"question\":\"What is the Iowa Title Guaranty Rapid Certificate Program intended to do?\",\"answer\":\"It allows field issuers to issue ITG certificates guaranteeing against actual loss or damage tied to enforcing a prior mortgage or lien that has not yet been released of record.\"},{\"question\":\"When must ITG certificates be issued and delivered under the program?\",\"answer\":\"Field issuers must issue and deliver certificates within thirty (30) days of the later of settlement date or when the commitment terms and conditions are satisfied, or within a shorter timeframe if lender instructions require it.\"},{\"question\":\"What must a payoff statement include for use in the program?\",\"answer\":\"It must state the unpaid balance, the address/instructions for payment, the property description sufficient to identify the land released, the good-through date, and an affirmative release statement upon full payment.\"}]","RAPID CERTIFICATE PROGRAM MANUAL -  - Updated January 31, 2020 | PDF",1789526962]