Escrow & Title
In Louisiana, a 'title binder' (or title commitment) from a title insurance company is:
AA completed title insurance policy
BA preliminary commitment to insure title, subject to specified exceptions and requirements to be satisfied before the final policy is issued✓ Correct
CA guarantee that title is free from all defects
DA survey of the property's boundaries
Explanation
A title commitment (binder) is issued before closing as a preliminary commitment to insure the title — subject to listed exceptions and requirements (such as paying off identified mortgages or resolving specific title issues). The final policy is issued after closing.
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