Escrow & Title
At a Minnesota closing, which party typically pays for the owner's title insurance policy?
AThe buyer always pays
BThe seller always pays
CPayment depends on local custom and negotiation✓ Correct
DThe lender pays for all title insurance
Explanation
In Minnesota, who pays for title insurance is a matter of local custom and negotiation between the parties. In some Minnesota markets, the seller pays; in others, the buyer pays.
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