Escrow & Title
In South Dakota, who is responsible for paying for title insurance in a transaction?
AAlways the buyer
BAlways the seller
CDetermined by the purchase agreement and local custom✓ Correct
DThe lender, who passes the cost to all borrowers equally
Explanation
Who pays for title insurance (owner's and/or lender's policy) is negotiable in South Dakota and depends on the purchase agreement terms and local market customs.
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