Escrow & Title
A title insurance policy that protects the lender against defects in title is called a(n):
AOwner's title insurance policy
BLender's (mortgagee's) title insurance policy✓ Correct
CSeller's title guarantee
DAbstract of title policy
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest in the property against title defects. It is typically required by lenders in an amount equal to the loan balance.
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