Escrow & Title
In Rhode Island, which document would a buyer's lender use to verify that there are no unsatisfied liens on the property being purchased?
AThe Loan Estimate
BThe title insurance commitment✓ Correct
CThe seller's disclosure
DThe mortgage application
Explanation
The title insurance commitment (issued after a title search) identifies all recorded liens, encumbrances, and other interests against the property. Lenders require this to ensure their mortgage will be in the correct lien position before funding.
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