Where on the title commitment would you find the listed title requirements?

Where on the title commitment would you find the listed title requirements?

• A. Schedule A
• B. Schedule B-1
• C. Schedule B-2
• D. Schedule C

Answer: (B)

The items that must be completed before the policy can be issued are listed in Schedule B-1. This section of the title commitment specifies the title requirements the closing must meet, such as lien payoffs, document approvals, or other conditions the underwriter needs satisfied to insure the title. Schedule A covers the basic deal information, Schedule B-2 lists exceptions from coverage, and Schedule C deals with endorsements or additional matters. So, the listed title requirements are found in Schedule B-1.

The items that must be completed before the policy can be issued are listed in Schedule B-1. This section of the title commitment specifies the title requirements the closing must meet, such as lien payoffs, document approvals, or other conditions the underwriter needs satisfied to insure the title. Schedule A covers the basic deal information, Schedule B-2 lists exceptions from coverage, and Schedule C deals with endorsements or additional matters. So, the listed title requirements are found in Schedule B-1.