Escrow & Title
A 'title commitment' issued in North Dakota is:
AA final insurance policy
BA preliminary report showing the conditions under which the title company will issue title insurance✓ Correct
CA lender's commitment to make the loan
DThe buyer's commitment to purchase the property
Explanation
A title commitment (or title binder) is a preliminary report from the title insurance company stating that they will insure title, subject to specific conditions and exceptions listed. It gives the parties an opportunity to review and resolve title issues before closing.
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