Escrow & Title
Which type of title insurance policy protects a mortgage lender in South Carolina?
AOwner's title insurance policy
BLender's (mortgagee's) title insurance policy✓ Correct
CEnhanced title insurance policy
DExtended coverage title insurance policy
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest up to the loan amount. It is typically required by the lender and paid for by the borrower.
Related South Carolina Escrow & Title Questions
- In South Carolina, a 'lis pendens' is a recorded notice that:
- In South Carolina, which party typically pays for the lender's title insurance policy?
- What is a 'satisfaction of mortgage' (or deed of reconveyance) in South Carolina?
- A South Carolina closing attorney discovers an unsatisfied judgment lien against the seller. At closing, this lien must be:
- In South Carolina, who is typically responsible for paying for the owner's title insurance policy?
- What document in South Carolina conveys title to real property that was previously held as collateral under a deed of trust after the loan is paid off?
- Which of the following would be found as an exception on a title insurance commitment?
- In South Carolina, what is 'chain of title'?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →