Exam (elaborations)
Alabama Title Insurance Exam Prep Questions with 100% Correct Answers
- Course
- Institution
Alabama Title Insurance Exam Prep Questions with 100% Correct Answers
[Show more]
Content preview
1 of 149Term
Under the ALDOI Insurance Rule 482-1-148-.06(4)(b), if an individual
who took and failed the exam two times and, after waiting the
requisite period, thereafter fails the examination two additional
times, the individual must wait a minimum of _____ days after the last
failure before each subsequent examination.
Give this one a try later!
60 90
, 120 180
Don't know?
2 of 149
Term
Under the ALDOI Insurance Rule 482-1-148-.10(1), all title insurance
agents, including individuals and business entities, must be _____ by
any and all title insurers they represent.
Give this one a try later!
Licensed Appointed
Employed Affiliated
Don't know?
3 of 149
Term
Range lines appear every:
Give this one a try later!
, 6 miles north and south of a base 6 miles east and west of a
line principal meridian
36 miles north and south of the 36 miles east and west of the
prime meridian equator
Don't know?
4 of 149
Term
Under the loan policy, the Insured must transfer, assign, and convey
to the Company [Insurer] the indebtedness and the insured
mortgage, together with any collateral security:
Give this one a try later!
When the fee owner assumes the
When the fee owner conveys title to
existing mortgage of the
a subsequent purchaser for value
seller/grantor
When the Company When the Company is subrogated
purchases the indebtedness to the rights of the fee owner
Don't know?
5 of 149
Term
, Under RESPA, a thing of value may include all of the following
EXCEPT:
Give this one a try later!
Any services given for free or at
Special or unusual banking terms
special rates
Payment to a person for
Specials on sales or rentals
services actually rendered
Don't know?
6 of 149
Term
"The invalidity or unenforceability of any assignment of the insured
mortgage, provided the assignment is shown in Schedule A, or the
failure of the assignment shown in Schedule A to vest title to the
insured mortgage in the named Insured assignee free and clear of
all liens" is a _____ under the loan policy.
Give this one a try later!
Condition Requirement
Covered Risk Exclusion from Coverage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller codersimon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now