Escrow & Title
In Hawaii, what is the purpose of a 'title commitment' (commitment for title insurance)?
AA. A promise by the title company to issue a title insurance policy after closing, subject to specified conditions✓ Correct
BB. The final title insurance policy covering all defects
CC. The escrow company's commitment to complete the closing
DD. A government guarantee of clear title
Explanation
A title commitment is the title insurance company's binding agreement to issue a policy after closing, identifying exceptions, requirements, and conditions that must be met.
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