Escrow & Title
In North Dakota, which of the following is a title insurance policy that protects the lender?
AOwner's title insurance policy
BLender's (mortgagee's) title insurance policy✓ Correct
CHomeowner's insurance policy
DAbstract of title policy
Explanation
A lender's title insurance policy (also called a mortgagee's policy) protects the lender's financial interest in the property against title defects. It is separate from the owner's policy and is usually required by the lender.
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