Escrow & Title
In South Carolina, which party typically pays for the lender's title insurance policy?
AThe seller
BThe buyer/borrower✓ Correct
CThe title company
DThe closing attorney
Explanation
The buyer/borrower typically pays for the lender's title insurance policy, which protects the lender's interest in the property. The owner's title insurance policy (protecting the buyer) is a separate cost.
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