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Exam-Alabama Title Insurance Exam Prep Questions and Answers
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Exam-Alabama Title Insurance Exam Prep Questions and Answers
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Exam-Alabama Title Insurance Exam Prep Questions andAnswers
In the northern half of Alabama, the _____ survey's origin was established by the _____
Meridian and Base Line.
Montgomery
Huntsville
St. Stephens
Birmingham Correct Answer-Huntsville
As to UPL issues, regarding closing services, a non-attorney closing agent would NOT be
permitted to:
Conduct a closing conference at which the documents are executed
Determine that all closing documents conform to the parties' contract requirements
,Exam-Alabama Title Insurance Exam Prep Questions and
Answers
Select and draft deeds conveying title and give advice as to how to hold title
Ascertain that the lender's instructions have been satisfied Correct Answer-Select and
draft deeds conveying title and give advice as to how to hold title
The document evidencing the VA guarantee of a mortgage loan on behalf of a veteran
borrower is called:
Certificate of completion
Certificate of eligibility
Certificate of commitment
Certificate of domestication Correct Answer-Certificate of eligibility
,Exam-Alabama Title Insurance Exam Prep Questions and
Answers
Under the Gramm-Leach-Bliley Act, when assessing and addressing risks to customer
information, which is NOT one of the main areas considered to be particularly important:
Employee management and training
Information systems security
Detecting and managing system failures
Employee retention and remuneration Correct Answer-Employee retention and
remuneration
Under the ALTA 2006 form policy, any notice of claim or any other notice or statement in
writing required to be given to the Company under the policy must be delivered to the:
Title agent
Arbitration committee
, Exam-Alabama Title Insurance Exam Prep Questions and
Answers
Insurer
Insured Correct Answer-Insurer
Included in the definition of the "Insured" under a loan policy is the:
Obligor of the indebtedness as evidenced by the fee estate
Assumptive obligor of the indebtedness
Person or entity who has control of the transferable record
Surviving entity of the merger of the fee estate Correct Answer-Person or entity who has
control of the transferable record
The purpose of the_____ is to inform the proposed insured of the current status of title.
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