Escrow & Title
An Iowa title commitment (preliminary report) is issued by a title company or Iowa Title Guaranty to:
AProvide a final guarantee of title quality
BDisclose the conditions under which title insurance will be issued, including exceptions and requirements✓ Correct
CReplace the abstract of title completely
DCertify that no liens exist on the property
Explanation
A title commitment (preliminary report) lists the conditions (requirements to clear) and exceptions (items not covered) that will appear in the final title policy. It allows buyers and lenders to review potential title issues before closing.
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