Escrow & Title
In Montana, a 'commitment for title insurance' will list specific 'Schedule B' exceptions, which are:
AProperties excluded from coverage due to zoning violations
BMatters that will not be covered by the title insurance policy, such as survey issues, taxes, specific easements, or other conditions✓ Correct
CFinancial conditions of the seller
DRequirements that must be met before the policy will be issued
Explanation
Schedule B of a title commitment lists exceptions to coverage—matters that the title insurance policy will not cover, such as easements, encroachments found in survey, mineral rights reservations, and specific liens or conditions. Schedule A lists coverage details, and Schedule B-1 lists requirements.
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