Escrow & Title
What does a 'title commitment' (or binder) represent in a Louisiana real estate transaction?
AA guarantee that no defects exist in the title
BA commitment by the title insurer to issue a policy upon satisfaction of specified conditions✓ Correct
CThe seller's commitment to provide good title by a certain date
DThe notary's commitment to complete the closing
Explanation
A title commitment (binder) is the title insurance company's promise to issue a title insurance policy upon completion of the transaction, subject to listed requirements and exceptions.
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