Escrow & Title
In New York, which of the following would appear as an 'exception' in a title insurance policy?
AA title defect the title company found and cleared before closing
BAn existing mortgage that was paid off at closing
CA recorded easement for a utility company that burdens the property✓ Correct
DA federal income tax lien that was discharged
Explanation
Title insurance policies in New York list 'exceptions' — matters specifically excluded from coverage. Existing recorded easements (for utilities, access, drainage, etc.
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