Escrow & Title
A buyer's lender requires title insurance to protect:
AThe buyer against future property damage
BThe lender's financial interest against title defects✓ Correct
CThe seller from future legal claims
DThe escrow company from closing errors
Explanation
A lender's title insurance policy protects the lender's security interest in the property against title defects. A separate owner's policy is needed to protect the buyer's interest.
Related Nebraska Escrow & Title Questions
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