Escrow & Title
Which type of title insurance policy protects the lender's interest in a property?
AOwner's policy
BLender's policy (mortgagee's policy)✓ Correct
CGap coverage
DStandard coverage
Explanation
A lender's (mortgagee's) title insurance policy protects the lender against title defects. It covers the loan amount and decreases as the loan is paid down. A separate owner's policy is needed to protect the buyer.
Related Indiana Escrow & Title Questions
- An abstract of title is:
- A lender's title insurance policy (ALTA loan policy) protects:
- In Indiana, property tax liens are generally:
- Indiana transfer taxes (county option) on the sale of real property are calculated based on:
- A quitclaim deed conveys:
- An Indiana escrow agent's primary duty when holding earnest money in a disputed transaction is to:
- Indiana's Torrens title system (certificate of title), while rarely used today:
- In Indiana, 'actual notice' of a prior interest in real property means:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →