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Exam term

Required title company

A seller may not condition a sale financed with a federally related mortgage loan on the buyer buying title insurance from a particular company. Under 12 U.S.C. § 2608, liability is three times the charges.

Lessons that use this term

  • The title closing: recording acts, chain and abstract of title, title insurance, and RESPA New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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