Escrow & Title
A title insurance binder (commitment) in Rhode Island is a:
AFinal title insurance policy issued at closing
BPreliminary commitment from the title company to issue a policy, subject to stated requirements and exceptions✓ Correct
CGovernment certificate guaranteeing the title
DSurvey showing all boundaries and encroachments
Explanation
A title insurance binder (or commitment) is a preliminary document from the title company committing to issue a title insurance policy subject to the satisfaction of certain requirements and the exception of certain listed matters.
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