Missouri title insurance - Study guides, Class notes & Summaries

_________ ____________ is the statement of the condition of title or ownership of real property. One-time only premium. Named insured and heirs are protected against title defects, liens, and encumbrances as of the date of policy. - correct answer -Title Insurance The ______________ is a contract with a title company to issue a specific title policy, showing only those exceptions contained in the commitment and any intervening matters after the date of the commitment and prior to the effectiv...

Missouri Title Insurance Producer Exam questions and answers rated A+ 2024/2025

Mechanic Lien - 6 months to file notice, followed by a 6 month period to enforce. To file a mechanic lien they need: - -Name of owner -Name & address for service of process -Description of real property -Reasonably itemized statement & amount of claim Defamation - Making or publishing any false information or malicious criticism or derogatory remarks to financial condition of any insurer or agent & which is calculated to injure said insurance is prohibited. Rebating - Knowingly permitt...

Missouri Title Producer Exam Title Insurance Laws and Regulations | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

Missouri Title Producer Exam Title Insurance Terms | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

Title Insurance - ANSWER-Insured statement of the condition of title or ownership of real property. One-time only premium. Named insured and heirs protected against title defects, liens and encumbrances as of the date of policy. Commitment/Binder - ANSWER-A binding contract with a title company to issue a specific title policy, showing only those exceptions contained in the commitment and any intervening matters after the date of the commitment and prior to the effective date of the policy. C...

Missouri title insurance

Missouri title insurance

Notary Test Complete Solutions How long is a notary's term of office? ️4 Years What is required amount of a notary bond? ️$10,000 The notary bond dates must be the same as the notary commission dates that are set by the Secretary of State. ️True Who gives the notary their oath of office? ️County Clerk The notary's signature must be exactly as it appears on the notary commission. ️True If someone works in Missouri and needs to notarize documents for work but lives i...

Examination for Missouri Insurance Producer's License/ 149 Q&A/ Already Graded A+ Terms like: Certificate of Title - Answer: A written opinion by an attorney that ownership of the particular parcel of land is as stated in the certificate. This is often used as a basis for issuing a title insurance policy. Chain of Title - Answer: The successive ownerships or transfers in the history of title to a particular parcel of land. Each deed or other instrument effecting a transfer of the titl...