Escrow & Title
A lender's title insurance policy (mortgagee's policy) in North Carolina:
AProtects the buyer's equity
BIs optional for the buyer to purchase
CProtects the lender's interest in the property and is usually required by lenders✓ Correct
DCovers the property for its full market value
Explanation
A lender's title insurance policy protects the lender's interest (the loan amount) against title defects. Lenders almost always require this coverage as a condition of the loan.
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