Escrow & Title
What is the purpose of a title insurance binder in Utah?
AA temporary title policy providing coverage during construction
BA commitment by the title insurer to issue a policy upon satisfaction of specified conditions✓ Correct
CA document that transfers title from seller to buyer
DAn appraisal completed before closing
Explanation
A title binder (commitment) is the title company's commitment to issue a title insurance policy once specified conditions (such as clearing exceptions) are met. It describes what will and won't be covered.
Related Utah Escrow & Title Questions
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