Missouri title insurance Study guides, Class notes & Summaries

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

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

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...

Missouri Title Producer Exam; Questions and Answers 100% Solved Title Insurance Correct answer-An insured statement of condition of title or ownership of real property. Once Correct answer-How often can you charge for an insurance premium for title insurance? Owner's Policy Correct answer-A type of title insurance policy issued to the fee simple owner of a property which provides the insured coverage over the risks described in the policy. Commitment/Binder Correct answer-A document...

Examination for Missouri Insurance Producer's License Questions and Answers 100% accurate! Abstract of Title - ANSWERA summary of public records relating to the title to a particular tract of land. Acknowledgement - ANSWERA formal declaration before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his own act and deed. An acknowledgement is necessary to entitle some instruments to be recorded, to impart constructive no...