Escrow & Title
In South Carolina, a 'binder' in title insurance refers to:
AThe final title insurance policy
BA temporary commitment to issue a title insurance policy pending closing✓ Correct
CA title search report
DA deed of trust
Explanation
A title insurance binder (or commitment) is a preliminary commitment by the title insurer to issue a policy, subject to specified exceptions and requirements that must be satisfied before closing. It identifies what the title search found.
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