A loan policy of title insurance is transferable.

Name: A loan policy of title insurance is transferable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A loan policy of title insurance is transferable from the original lender to a new lender if the original loan is refinanced or sold. This allows the new lender to have the same protection against any title issues that may arise. However, it is important to note that a loan policy cannot be transferred to a new borrower if the property is sold or if the borrower refinances with a different lender.

A Loan Policy of Title Insurance Is Transferable