Escrow & Title
In an Iowa title insurance transaction, when is a title insurance policy issued?
AWhen the offer is accepted
BAfter closing, when the premium is paid and the title is insured✓ Correct
CBefore the abstract is updated
DWhen the mortgage application is approved
Explanation
Title insurance is issued after closing, once the premium is paid. The policy then provides protection against title defects, going back to a specific date based on the policy terms.
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