Escrow & Title
A Pennsylvania lender's title insurance policy protects the lender for how long?
A5 years from the date of issuance
BAs long as the mortgage lien remains outstanding✓ Correct
CUntil the property is sold by the original buyer
DPermanently, even after the loan is paid off
Explanation
A lender's title insurance policy remains in effect as long as the covered mortgage lien is outstanding. Once the mortgage is paid off and a satisfaction is recorded, the policy is no longer needed. Coverage equals the outstanding loan balance, decreasing with each payment.
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