Escrow & Title
In Wyoming, a title insurance binder (commitment) is typically valid for:
AIndefinitely from issuance
BA specified period (often 6 months to 1 year) within which the insured transaction must close✓ Correct
COnly until the next business day after issuance
DOnly while the title company holds the escrow
Explanation
A title commitment is issued with an expiration date, typically 6 months to 1 year. If the transaction does not close before expiration, the title company must update the title search and issue a new commitment. Delays in closing may require a commitment update.
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