Escrow & Title
Vermont's 'Schedule B-I' requirements in a title commitment list:
AAll title defects that will not be covered
BActions required before the title policy will be issued (e.g., payoff of existing mortgages, recording of new deed)✓ Correct
CThe premium for the policy
DThe names of all prior owners
Explanation
Schedule B-I of a title commitment lists the requirements that must be satisfied before the title insurer will issue the policy — typically payoffs of existing liens, execution of new instruments, and other conditions.
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