Title Insurance Line of Credit and Indemnification Quiz
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Questions and Answers

What is a condition for a Substitution loan?

  • Same property and same lender
  • Different lender and same property
  • Same owner and same lender (correct)
  • Different owner and same lender

    • What is the rate for a Reissue Rate that is 5 years or less?

  • 40% of regular
  • 60% of regular
  • 30% of regular (correct)
  • 50% of regular

    • What is required for a Mutual Indemnification Treaty Mortgage?

  • Indemnification letter (correct)
  • Mortgage of over $500,000
  • Copy of Prior OWNER Policy
  • New loan policy

    • What determines the effective date for an Unimproved property?

    <p>Anticipated recording date of new documents</p> Signup and view all the answers

    What is not an application for a Substitution rate?

    <p>Refinances</p> Signup and view all the answers

    What is a requirement for a Reissue Rate for Improved property?

    <p>Prior policy less than 3 years old</p> Signup and view all the answers

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