Escrow & Title
In Texas, an 'abstract and opinion' system of title assurance means:
AThe title company provides insurance without examination
BAn attorney examines the chain of title (abstract) and issues a title opinion letter about the quality of title✓ Correct
CTREC certifies all titles before recording
DThe county courthouse confirms title quality
Explanation
In the traditional abstract and opinion system (still used in some Texas counties), a licensed abstractor compiles a title abstract (chronological summary of all recorded instruments), and an attorney reviews it and issues a title opinion letter advising the client about the quality of title and any defects. Title insurance has largely replaced this system in most Texas markets.
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