Escrow & Title
When a Wisconsin lender requires title insurance, who selects the title company?
AThe lender always chooses
BThe borrower generally has the right to choose their title company under RESPA✓ Correct
CThe seller always chooses
DThe real estate broker always chooses
Explanation
Under RESPA, lenders generally may not require the borrower to use a specific title insurance company as a condition of the loan; the borrower has the right to choose their own title company.
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