Question

When a title insurance policy is being issued, the public records are searched and the title company's record of title is continued to date. When the title examination is complete, the title company notifies the parties in writing of the condition of the title. This notification is called _________.

Answer 1

Answer: A report of title or commitment for title insurance

Explanation:

This kind of notification or document is also called ''title commitment'' or ''a preliminary title report'' and it is using in this case when a title insurance policy is being issued.

It will do the disclose and give people the copies and claims that are found by that company where the title is from. A document will be delivered to the buyer without any cost to the one who was buying something after opened escrow.