Question 1

Which section of a title insurance policy lists the rights of the insurer?

Options :

A : exclusions from coverage

B : insuring agreement

C : conditions

D : declarations

Answer: C

Question 2

Coverage under a loan policy remains effective

Options :

A : until the secured debt is satisfied.

B : until the property is sold.

C : until the lender assigns the mortgage.

D : during the life of the owner.

Answer: A

Question 3

The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

Options :

A : a due-on-sale clause.

B : an assumption clause.

C : a prepayment clause.

D : a subordination clause.

Answer: A

Question 4

Which of the following is considered an involuntary lien?

Options :

A : HELOC loan

B : deed restriction

C : a life estate reservation

D : federal tax lien

Answer: D

Question 5

An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of

Options :

A : rebating.

B : unfair discrimination.

C : illegal inducement.

D : unfair coercion.

Answer: B

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