Escrow & Title
Which type of title insurance protects the lender?
AOwner's policy
BCLTA standard policy
CALTA lender's policy✓ Correct
DExtended coverage policy
Explanation
An ALTA (American Land Title Association) lender's policy protects the lender's interest up to the outstanding loan balance. Most lenders require this policy as a condition of the loan. The owner's policy protects the buyer.
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