Escrow & Title
In Wyoming, a preliminary title report (commitment) issued before closing:
AIs the final title insurance policy
BShows the current state of title and conditions that must be satisfied before the title company will issue insurance✓ Correct
CGuarantees clear title
DIs only required for commercial transactions
Explanation
A title commitment (preliminary title report) is the title company's commitment to issue insurance, subject to stated conditions and exceptions. It shows the current title status, lists all encumbrances found in the title search, and specifies conditions the buyer and seller must satisfy before the policy is issued.
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