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Question 1 of 8
1. Question
A borrower asks why title insurance is required when a title search is already performed before closing.
Which explanation is correct?
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Question 2 of 8
2. Question
A title defect is discovered after closing that threatens ownership rights.
Who is responsible for resolving the problem?
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Question 3 of 8
3. Question
Which statement is accurate regarding title insurance coverage?
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Question 4 of 8
4. Question
A borrower declines owner’s title insurance because the lender already has coverage.
Why should the borrower still be advised to obtain owner’s title insurance?
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Question 5 of 8
5. Question
A borrower has an unresolved title claim but needs to sell the property.
Why can the sale still proceed if owner’s title insurance exists?
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Question 6 of 8
6. Question
A borrower agrees to purchase owner’s title insurance at closing.
Why is the cost usually lower?
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Question 7 of 8
7. Question
A borrower is applying for a refinance.
What document should the borrower bring to help potentially reduce title costs?
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Question 8 of 8
8. Question
A title examination is ordered before closing.
What is the purpose of this service?
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