Finance
A Louisiana title company charges a 'title search fee' at closing. This fee covers:
AThe title insurance premium
BThe cost of searching parish public records to identify ownership history and encumbrances✓ Correct
CThe attorney's closing fee
DThe recording fee charged by the parish clerk
Explanation
The title search fee pays for the examination of parish public records (conveyance and mortgage records) to trace the chain of title and identify outstanding liens, mortgages, and encumbrances on the property.
Related Louisiana Finance Questions
- Louisiana's collateral mortgage differs from a conventional mortgage primarily because:
- The CFPB (Consumer Financial Protection Bureau) was created to:
- Louisiana's 'Homeowners Choice' program (a state-backed insurance option) was created because:
- A Louisiana buyer using an FHA loan must pay which additional cost not required on most conventional loans?
- In Louisiana, a mortgage that is 'underwater' means:
- A 'hybrid ARM' in Louisiana is a mortgage that features:
- A 'bi-weekly mortgage payment' plan in Louisiana reduces interest because:
- In Louisiana, a 'partial release clause' in a blanket mortgage allows the mortgagor to:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →