Alabama Title Insurance Exam Prep| 153
Questions and Answers 100% Correct
In the northern half of Alabama, the _____ survey's origin was established by the _____
Meridian and Base Line.
Montgomery
Huntsville
St. Stephens
Birmingham - ANSWER - Huntsville
As to UPL issues, regarding closing services, a non-attorney closing agent would NOT be
permitted to:
Conduct a closing conference at which the documents are executed
Determine that all closing documents conform to the parties' contract requirements
Select and draft deeds conveying title and give advice as to how to hold title
Ascertain that the lender's instructions have been satisfied - ANSWER - Select and draft deeds
conveying title and give advice as to how to hold title
The document evidencing the VA guarantee of a mortgage loan on behalf of a veteran borrower
is called:
Certificate of completion
,Certificate of eligibility
Certificate of commitment
Certificate of domestication - ANSWER - Certificate of eligibility
Surviving entity of the merger of the fee estate - ANSWER - Person or entity who has control of
the transferable record
The purpose of the_____ is to inform the proposed insured of the current status of title.
Title commitment
Title report
Title policy
Commitment clearing - ANSWER - Title commitment
What is NOT a type of book, docket, or record maintained by the Clerk of the Circuit Court
[Judge of Probate]?
Plat book
Judgment lien docket
Deed book
Tract or Geo indexed records - ANSWER - Tract or Geo indexed records
,Under the Gramm-Leach-Bliley Act, when assessing and addressing risks to customer
information, which is NOT one of the main areas considered to be particularly important:
Employee management and training
Information systems security
Detecting and managing system failures
Employee retention and remuneration - ANSWER - Employee retention and remuneration
Under the ALTA 2006 form policy, any notice of claim or any other notice or statement in writing
required to be given to the Company under the policy must be delivered to the:
Title agent
Arbitration committee
Insurer
Insured - ANSWER - Insurer
Included in the definition of the "Insured" under a loan policy is the:
Obligor of the indebtedness as evidenced by the fee estate
Assumptive obligor of the indebtedness
Person or entity who has control of the transferable record
A township section is one square mile and contains _____ acres.
, 230
640
975
5,280 - ANSWER - 640
The township sections of irregular size are often referred to as:
Triangular sections
Government lots
Surveyors' nightmare
Monument lots - ANSWER - Government lots
Under the ALTA 2006 form policy, "Public Records" is defined as records established under
state statutes at date of policy for the purpose of _____ relating to real property to purchasers
for value and without knowledge.
Imparting actual notice of matters
Imparting constructive notice of matters
Insuring title as to related matters
Insuring title as to Covered Risks - ANSWER - Imparting constructive notice of matters
Under the ALDOI Insurance Rule 482-1-148-.07(3), an individual may be issued a title insurance
agent license provided the individual:
I. Is at least 19 years of age
Questions and Answers 100% Correct
In the northern half of Alabama, the _____ survey's origin was established by the _____
Meridian and Base Line.
Montgomery
Huntsville
St. Stephens
Birmingham - ANSWER - Huntsville
As to UPL issues, regarding closing services, a non-attorney closing agent would NOT be
permitted to:
Conduct a closing conference at which the documents are executed
Determine that all closing documents conform to the parties' contract requirements
Select and draft deeds conveying title and give advice as to how to hold title
Ascertain that the lender's instructions have been satisfied - ANSWER - Select and draft deeds
conveying title and give advice as to how to hold title
The document evidencing the VA guarantee of a mortgage loan on behalf of a veteran borrower
is called:
Certificate of completion
,Certificate of eligibility
Certificate of commitment
Certificate of domestication - ANSWER - Certificate of eligibility
Surviving entity of the merger of the fee estate - ANSWER - Person or entity who has control of
the transferable record
The purpose of the_____ is to inform the proposed insured of the current status of title.
Title commitment
Title report
Title policy
Commitment clearing - ANSWER - Title commitment
What is NOT a type of book, docket, or record maintained by the Clerk of the Circuit Court
[Judge of Probate]?
Plat book
Judgment lien docket
Deed book
Tract or Geo indexed records - ANSWER - Tract or Geo indexed records
,Under the Gramm-Leach-Bliley Act, when assessing and addressing risks to customer
information, which is NOT one of the main areas considered to be particularly important:
Employee management and training
Information systems security
Detecting and managing system failures
Employee retention and remuneration - ANSWER - Employee retention and remuneration
Under the ALTA 2006 form policy, any notice of claim or any other notice or statement in writing
required to be given to the Company under the policy must be delivered to the:
Title agent
Arbitration committee
Insurer
Insured - ANSWER - Insurer
Included in the definition of the "Insured" under a loan policy is the:
Obligor of the indebtedness as evidenced by the fee estate
Assumptive obligor of the indebtedness
Person or entity who has control of the transferable record
A township section is one square mile and contains _____ acres.
, 230
640
975
5,280 - ANSWER - 640
The township sections of irregular size are often referred to as:
Triangular sections
Government lots
Surveyors' nightmare
Monument lots - ANSWER - Government lots
Under the ALTA 2006 form policy, "Public Records" is defined as records established under
state statutes at date of policy for the purpose of _____ relating to real property to purchasers
for value and without knowledge.
Imparting actual notice of matters
Imparting constructive notice of matters
Insuring title as to related matters
Insuring title as to Covered Risks - ANSWER - Imparting constructive notice of matters
Under the ALDOI Insurance Rule 482-1-148-.07(3), an individual may be issued a title insurance
agent license provided the individual:
I. Is at least 19 years of age
