Escrow & Title
In New Mexico, a title insurance commitment (binder) identifies Schedule B exceptions. These exceptions represent:
ADefects the title company will insure against
BMatters that are excluded from coverage under the policy✓ Correct
CProperties covered under the policy
DThe premium charged
Explanation
Schedule B of a title commitment lists exceptions to coverage — items such as easements, restrictions, mineral reservations, and taxes — that the title insurer will NOT cover under the policy.
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