Escrow & Title
Iowa's Torrens System of title registration differs from the abstract system in that:
AIt is used statewide for all property transfers
BTitle is registered with a court and a certificate of title is issued, rather than using an abstract✓ Correct
CIt eliminates the need for any title insurance
DIt is faster and less expensive than the abstract system for all transactions
Explanation
In the Torrens System, title is examined once and registered with a court, which issues a certificate of title. Subsequent transfers are noted on the certificate. Iowa has had a Torrens system in some counties historically, though the abstract system is more prevalent.
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