Escrow & Title
A lender's title insurance policy in Missouri protects:
AThe property owner against title defects
BThe lender's interest in the property up to the loan amount✓ Correct
CBoth the lender and buyer equally
DThe title company against errors
Explanation
A lender's title insurance policy (also called a loan policy) protects the lender's interest up to the outstanding loan balance. A separate owner's policy is needed to protect the buyer.
Related Missouri Escrow & Title Questions
- Which of the following encumbrances is a financial claim against a Missouri property?
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