How many days does the title company have to provide title commitment after they receive a sales contract?

The correct timeframe for a title company to provide a title commitment after receiving a sales contract is indeed 20 days. This requirement is established to ensure that all parties involved in a real estate transaction are provided with timely and essential information regarding the title of the property in question.

Providing the title commitment within this 20-day period is crucial for facilitating further steps in the real estate transaction, such as securing financing and completing necessary inspections. This regulation is in place to promote transparency and protect the interests of both buyers and sellers by ensuring they have access to vital information about any liens, encumbrances, or other issues related to the property's title. By adhering to this timeframe, the title company assists in maintaining a smooth transaction process and helps prevent potential legal complications that could arise from unclear title issues.