Escrow & Title
In Montana, 'gap insurance' in title insurance protects the buyer against title defects that arise in the 'gap' between:
AThe listing date and the offer date
BThe date of the title search and the date the deed is recorded✓ Correct
CThe appraisal date and the closing date
DThe loan application date and the underwriting approval date
Explanation
The 'gap' in title coverage is the period between the date of the title search and the date the deed is recorded. Gap coverage protects against any liens or encumbrances recorded in that interim period.
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