Why That NTP Template From Last Year Could Get You Sued | Off the Closing Desk Ep. 2

If your closing team is still filling out a Notice to Purchaser from an old Word doc template, this episode is a warning worth hearing. Cameron Kernan is back with Andy Kernan of LoneStar NTP to talk about why TREC updated the NTP requirements starting January 2025, and why a document that hasn't been refreshed in years can put a title company at real legal risk. Andy explains what actually changes year to year on a MUD or PID notice, the bond amounts issued and approved on a jurisdiction, and why an outdated figure isn't just a paperwork problem. He walks through a real case where a title company was sued after a buyer wasn't properly notified, what auditors look for when they check a closing file, and the specific steps a closer needs to follow to get the Notice to Purchaser right today, not the version that was right two years ago. Key takeaway: a stale template is a liability. Keep the document current, keep the numbers current, and keep the notice filed. Timestamps 0:00 Why last year's NTP template could get you sued 0:25 Welcome back, Andy Kernan 0:27 How an outdated NTP template creates legal exposure 0:36 What changed in the Notice to Purchaser requirements 1:19 What gets recalculated year to year on a MUD or PID 2:05 Why TREC mandates buyer notification 2:11 The real exposure: audits and a title company that got sued 3:26 How a closer would know their template has gone stale 4:09 Step by step to get the notice right 5:10 Where to get an accurate, up-to-date Notice to Purchaser About LoneStar NTP LoneStar NTP generates statute-compliant Notice to Purchaser and Notice of Obligation documents for Texas properties in MUDs, PIDs, WCIDs, and all 18 Texas special district types, pulled fresh for every order. Off the Closing Desk is a series about the technology and processes shaping Texas title closings, hosted by Cameron Kernan.