Title Insurance Trivia Game

How long before the title commitment expires?

• 90 days

• 4 months

• 120 days

• 60 days

True/ False: Exceptions on title are items that the title company is excluding from coverage.

• True

• False

Who does the Closing Protection Letter (CPL) protect?

• the borrower

• the title agent

• the lender

• the attorney

What does NBI stand for?

• Next Buyer in Line

• Never Been Ill

• No Buying Investments

• Non Borrowing Individual

What can be included in an escrow account? (Select all that apply)

• taxes

• HOA dues

• Title Agent Bonus!

• insurance

What must be included on the wire instructions? (Select all that apply)

• Title company

• ABA number

• Jim Kirk's personal bank account

• Account number

What section of title will we find the property taxes?

• Schedule A

• Schedule B

• Schedule C

• Schedule D

What does title insurance protect you against? (Select all that apply)

• Falsified deeds

• Fraudulent deeds

• Water damage

• Crazy party guests

How long is the lender's policy good for?

• Until the mortgage is paid in full

• Until the oldest daughter moves out

• Until one of the two owners pass away

• Until Bob Wilderotter says!

Who pays for the title insurance in NJ?

• purchaser

• seller

• realtor

• attorney