Escrow & Title
A title binder (commitment) in Alaska is best described as:
AA policy of title insurance that is already in effect
BA title company's commitment to issue a title insurance policy after certain conditions are met✓ Correct
CA lender's commitment to fund the loan
DThe escrow company's commitment to hold funds
Explanation
A title commitment (binder) is issued before closing and commits the title company to issue a title insurance policy upon closing, subject to the satisfaction of listed conditions and exceptions.
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