Escrow & Title
In a NC purchase transaction, the buyer's lender typically requires 'lender's title insurance' to be paid by:
AThe lender
BThe buyer, as a condition of the loan✓ Correct
CThe seller, as a seller concession
DThe title company
Explanation
The buyer typically pays for the lender's title insurance policy as a condition of obtaining the mortgage loan, protecting the lender's security interest.
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