Escrow & Title
A 'commitment' in a title insurance context is:
AThe title company's binding promise to insure title with specific exceptions✓ Correct
BA commitment by the buyer to proceed with the purchase
CThe lender's commitment to fund the loan
DThe escrow company's commitment to close on the specified date
Explanation
A title commitment (preliminary title report) is the title company's binding promise to issue a title insurance policy subject to specified exceptions and conditions. It shows the current state of title and must be reviewed before closing to ensure any issues are resolved.
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