Escrow & Title
A lender's title insurance policy (mortgagee policy) in Indiana:
AProtects the buyer
BProtects the lender up to the outstanding loan balance✓ Correct
CCovers both buyer and lender equally
DReplaces the need for a title search
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest in the property up to the outstanding loan balance. It does not protect the buyer — buyers need a separate owner's policy.
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