Escrow & Title
Which type of title insurance policy protects the lender's interest in an Alaska mortgage transaction?
AOwner's policy
BLender's (mortgagee) policy✓ Correct
CExtended coverage policy
DALTA homeowner's policy
Explanation
A lender's (mortgagee) title insurance policy protects the lender up to the loan amount. It is typically required by lenders and is separate from the owner's policy that protects the buyer.
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