Escrow & Title
In Alaska, a 'title plant' maintained by a title insurance company is a comprehensive collection of:
ARare plants discovered on insured properties
BIndexed real estate records that enable quick and accurate title searches✓ Correct
CAgricultural land records for farms and homesteads
DBuilding permit records for all properties in the area
Explanation
A title plant is a private duplicate of the public real estate records, maintained and indexed by a title company for efficient title searching. Title plants allow title companies to conduct faster, more accurate searches by maintaining their own organized copy of all recorded documents affecting properties in their coverage area.
Related Alaska Escrow & Title Questions
- In Alaska, a neutral third party that holds funds and documents and follows instructions from both buyer and seller is called:
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- Under RESPA, which of the following is prohibited?
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- In Alaska, the person responsible for preparing and distributing the Closing Disclosure to the borrower is:
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