Escrow & Title
Title insurance premiums in Oregon are:
APaid monthly like homeowners insurance
BA one-time premium paid at closing✓ Correct
CPaid annually and renewed by the lender
DPaid by the seller for the buyer's lender's policy
Explanation
Title insurance is purchased with a one-time premium paid at closing. The owner's policy protects the buyer for as long as they hold the property, and the lender's policy protects the lender until the loan is paid off. There are no ongoing renewal premiums.
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