Escrow & Title
In Hawaii, which type of title insurance policy protects the lender's interest in the property?
AOwner's policy
BLender's (mortgagee's) policy✓ Correct
CStandard coverage policy
DExtended coverage policy
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest in the property up to the loan amount. It is typically required by lenders when financing a real estate purchase.
Related Hawaii Escrow & Title Questions
- What is 'aggregate adjustment' in a mortgage escrow account and what does it prevent?
- Which of the following is a primary function of an escrow in a real estate transaction?
- A cloud on title refers to:
- Title insurance in Hawaii protects the policyholder against:
- In Hawaii, the seller typically pays which of the following closing costs?
- An owner's title insurance policy in Hawaii is typically purchased:
- What does it mean when a Hawaii title insurance policy contains a 'standard exception' for matters shown on a survey?
- Hawaii's conveyance tax rate for residential properties is applied on a graduated scale based on:
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →