Multiple choices Questions

Multiple choices Questions

Question 1.1. A mortgagor’s name would be found in the: (Points : 2)  grantor index  general execution docket  grantee index  plat index

 

Question 2.2. A title examination cannot protect the purchaser against a power of attorney that has expired. (Points : 2)  True  False

 

Question 3.3. The most common recording statute is the notice recording statute. (Points : 2)  True  False

 

Question 4.4. A lis pendens gives notice of a pending lawsuit which affects title to the property. (Points : 2)  True  False

 

Question 5.5. A loan policy does not exclude from coverage defects, liens, and encumbrances that have been created by the insured claimant. (Points : 2)  True  False

 

Question 6.6. Once a judgment has been recorded in the public records, it becomes a lien on all property of the judgment debtor owned at the time of recording but not on any future property acquired by the debtor. (Points : 2)  True  False

 

Question 7.7. A judgment that has been recorded in the public records becomes a lien on all property of the judgment debtor owned at the time of recording as well as any future property acquired by the debtor. (Points : 2)  True  False

 

Question 8.8. All requirements that are necessary for title insurance to be issued are shown on Schedule A of a title insurance commitment. (Points : 2)  True  False

 

Question 9.9. Marketability of title is a legal concept and does not mean that an owner can sell their property. (Points : 2)  True  False

 

Question 10.10. An alphabetical index by last name of all people who are sellers, borrowers, and mortgagors is known as a grantee index. (Points : 2)  True  False

 

 

 

 

Answer preview

Question 1.1. A mortgagor’s name would be found in the: (Points : 2) grantor index   Question 2.2. A title examination cannot protect the purchaser against a power of attorney that has expired. (Points : 2) True   Question 3.3. The most common recording statute is the notice recording statute. (Points : 2) False   Question 4.4. A lis pendens gives notice of a pending lawsuit which affects title to the property. (Points : 2) True   Question 5.5. A loan policy does not exclude from coverage defects, liens, and encumbrances that have been created by the insured claimant. (Points : 2) False   Question 6.6. Once a judgment has been recorded in the public records, it becomes a lien on all property of the judgment debtor owned at the time of recording but not on any future property acquired by the debtor. (Points : 2) False   Question 7.7. A judgment that has been recorded in the public records becomes a lien on all property of the judgment debtor owned at the time of recording as well as any future property acquired by the debtor. (Points : 2) True   Question 8.8. All requirements that are necessary for title insurance to be issued are shown on Schedule A of a title insurance commitment. (Points : 2) False   Question 9.9. Marketability of title is a legal concept and does not mean that an owner can sell their property. (Points : 2) True   Question 10.10. An alphabetical index by last name of all people who are sellers, borrowers, and mortgagors is known as a grantee index. (Points : 2) False

 

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