Title-commitment schedule that lists requirements, exceptions, or listed matters affecting title coverage.
Title Commitment Schedule B is a title-commitment schedule that lists requirements, exceptions, or other matters affecting title coverage.
Schedule B matters because it is where title review becomes practical. Borrowers may see items that must be cleared before closing, items that will remain as exceptions, or matters that the title policy is not agreeing to cover.
It also matters because not every listed item means the deal is broken. Some items are routine, some must be resolved, and some remain as known limits on coverage.
Borrowers usually encounter Schedule B when reviewing the Title Commitment with the title company, lender, or settlement agent.
The term becomes practical when the closing file has an unresolved lien, easement, legal-description issue, missing release, or other item that must be handled before the title company is ready to issue final policies.
| Commitment item | Borrower-facing role |
|---|---|
| Title Commitment Schedule A | Identifies the transaction and proposed policy basics |
| Schedule B | Lists requirements, exceptions, or other title matters depending on the commitment form |
| Title Requirement | Item that must be satisfied before final coverage |
| Title Exception | Item the final policy may exclude from coverage |
A title commitment shows an old mortgage release that still needs to be recorded and an existing utility easement that will remain on title. The release issue may be a requirement, while the easement may remain as an exception.
Schedule B differs from Title Commitment because the commitment is the whole document, while Schedule B is the part that lists the matters borrowers usually need to interpret most carefully.
It differs from Title Requirement because a requirement is an item that must be satisfied, while Schedule B is the section where requirements or exceptions may be listed.
It also differs from Title Exception because an exception is a coverage limitation, while Schedule B is the document section that may show that limitation.