Escrow & Title
In Utah, who typically pays for the buyer's lender's title insurance policy?
AThe seller pays for both owner's and lender's policies
BThe buyer, as it protects the lender's interest in their loan✓ Correct
CThe title company absorbs the cost
DThe lender pays for their own policy
Explanation
In Utah and most markets, the buyer pays for the lender's title insurance policy (required by virtually all lenders) as part of their closing costs. The seller customarily pays for the owner's title insurance policy, though all of this is negotiable.
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