6 Questions
What is a condition for a Substitution loan?
Same owner and same lender
What is the rate for a Reissue Rate that is 5 years or less?
30% of regular
What is required for a Mutual Indemnification Treaty Mortgage?
Indemnification letter
What determines the effective date for an Unimproved property?
Anticipated recording date of new documents
What is not an application for a Substitution rate?
Refinances
What is a requirement for a Reissue Rate for Improved property?
Prior policy less than 3 years old
Test your knowledge on title insurance related concepts such as line of credit, mutual indemnification treaty, reissue rate, and policy requirements for mortgages under different amounts.
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