Escrow & Title
A Virginia title insurance policy that protects the lender's interest against title defects is called a(n):
AOwner's policy
BLoan policy (lender's policy)✓ Correct
CExtended coverage policy
DHomeowner's warranty policy
Explanation
A loan policy (also called a lender's policy or mortgagee's policy) protects the lender's interest. It is typically required by lenders in Virginia and covers only the loan amount, not the owner's equity.
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