Finance
Under Missouri law, which party typically pays for the lender's title insurance policy at closing?
AThe seller always pays
BThe buyer, as part of their loan closing costs✓ Correct
CThe title company
DThe Missouri government
Explanation
The lender's title insurance policy (loan policy) protects the lender and is typically paid by the buyer as part of their closing costs. The owner's title insurance policy may be paid by either party depending on the contract.
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