Escrow & Title
A Texas simultaneous issue of owner's and lender's title insurance policies means:
ABoth policies are issued at different prices by competing title companies
BBoth the owner's policy and lender's policy are issued at the same closing, with the lender's policy at a reduced (simultaneous issue) rate✓ Correct
CThe policies are identical in coverage
DOnly one policy is issued covering both parties
Explanation
In Texas, when an owner's policy and a lender's policy are issued simultaneously at the same closing, the lender's policy is typically available at a reduced simultaneous issue rate, since the title search is already being done for the owner's policy.
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