Exam (elaborations)
Alabama Title Insurance Exam Prep Questions with 100% Correct Answers
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Alabama Title Insurance Exam Prep Questions with 100% Correct Answers
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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.
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60 90
, 120 180
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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.
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Licensed Appointed
Employed Affiliated
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3 of 149
Term
Range lines appear every:
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, 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
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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:
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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
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5 of 149
Term
, Under RESPA, a thing of value may include all of the following
EXCEPT:
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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
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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.
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Condition Requirement
Covered Risk Exclusion from Coverage
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