Escrow & Title
A title insurance commitment (binder) issued before closing describes:
AThe final title insurance policy
BThe conditions that must be met before a title insurance policy will be issued✓ Correct
CThe property's tax history
DThe lender's loan approval conditions
Explanation
A title commitment (or title binder) describes the conditions — such as payoff of existing liens, execution of required documents, and payment of premiums — that must be satisfied before the title company will issue a final title insurance policy.
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