Escrow & Title
A title insurance commitment (binder) in Maine is:
AThe actual title insurance policy
BA preliminary report of title conditions and the insurer's commitment to issue a policy✓ Correct
CA guarantee that title is free of all defects
DA document issued by the county Registry of Deeds
Explanation
A title commitment (binder) is the title company's preliminary report showing the current state of title and its commitment to issue a policy subject to stated exceptions and requirements. It is issued before closing.
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