Contracts
Under Utah's Residential Purchase Contract, which party typically pays for the owner's title insurance policy?
AThe buyer
BThe seller✓ Correct
CIt is split equally between buyer and seller
DThe lender
Explanation
In Utah, it is customary (though negotiable) for the seller to pay for the owner's title insurance policy, which protects the buyer's ownership interest. The buyer typically pays for the lender's title insurance policy.
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