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Title producer exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions $13.48
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Title producer exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions
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  • Missouri Title Producer

Title producer exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

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  • August 7, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • title producer exam questions answers 100 sc

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  • Missouri Title Producer
  • Missouri Title Producer

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VasilyKichigin

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Title producer exam | Questions & Answers (100 %Score) Latest Updated 2024/2025
Comprehensive Questions A+ Graded Answers | With Expert Solutions


Statute of limitations for:

Adverse possession - 30 yrs (20 yrs common law)



Statute of limitations for:

Federal estate tax - 10 yrs



Statute of limitations for:

Inheritance tax - 15 yrs



Statute of limitations for: Judgment - 20 yrs



Statute of limitations for: Notice of Lis Pendens - 5yrs



Statute of limitations for:

Tax Sale Certificate privately held - 20yrs (redemption period: have to wait 2 before you can foreclose)



Statute of limitations for:

Tax Sale certificate municipally held - Forever (redemption period: 6 months)



Statute of limitations for: Writ of Attachment - Until final Judgment



Probate goes to which court: - Surrogate court



UCC - Security agreement Used for chattel/personal property. Notice of security agreement- financial
statement must be recorded. Used for Co-Ops. Good for 50 yrs

, plotting - Tracing of metes and bounds description on a survey



Insurance policy date - Date documents recorded. Cutoff date for coverage



Supplemental benefit - Title insurance company reserves the right to either pay the loss or fight the
claim in court. If fight, any legal cats the company incurs are in addition to the amount stated in the
policy. Above and beyond face value of policy.



All of the following index systems are used in NJ except:

A) key B) lusk C) tract D) computerized - C) Tract



Measure of damages - Cost of discharging lien or problem up to face value



Zoning Endorsement - Alta 3 - ensures the use being made of the property complies with the zoning
ordinance, adequate parking and does not violate setback or other zoning requirements



Condo Endorsement - Alta 4.1 - provides certain items of affirmative insurance with respect to
condominium titles



PUD Endorsement - Alta 5.1 - Planned Unit Development- provides affirmative insurance against loss or
damage in four areas of concern to purchasers of planned unit developments and lends: 1) violations of
covenants and restrictions 2) liens for charges and assessments 3) enforced removal of encroachments
(other than boundary wells or fences) 4) exercise of right of first refusal



Variable rate Endorsement - Alta 6 - insures against loss arising from the invalidity of Lin or the insured
mortgage resulting from mod of the insured mortgage



Environmental Endorsement - Alta 8.1 - insures there are o environmental liens of record as of policy
date, expect those shown in Sch B and no state law by which the insured mortgage could lose priority to
an environmental protection lien.

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