Escrow & Title
Title insurance that protects the lender's interest in the mortgaged property is called:
AOwner's title policy
BLender's (mortgagee's) title policy✓ Correct
CExtended coverage policy
DBinder policy
Explanation
A lender's (mortgagee's) title policy protects the lender's security interest in the property up to the loan amount. It is typically required by the lender as a condition of the mortgage. A separate owner's title policy is purchased to protect the owner's equity.
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