Escrow & Title
In Maine, which type of title insurance policy is required by most mortgage lenders?
AOwner's policy
BLender's (mortgagee's) policy✓ Correct
CExtended coverage policy
DLeasehold policy
Explanation
Most mortgage lenders in Maine require a lender's (mortgagee's) title insurance policy to protect their security interest in the property. This policy does not protect the owner; a separate owner's policy is needed for that.
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