MaryLand State Portion of Title Producer Exam
1. If a party uses a fictitious or different name than its business name, it must be
approved by the
a. Maryland Insurance Administration
b. National Association of Insurance Commissioners
c. Maryland Land Title Association
d. American Land Title Association - ANSWER a. Maryland Insurance
Administration
2. When there is termination of the appointment by a title insurer, the insurer must
update the producer register within how many days.
a. 15 days
b. 30 days
c. 45 days
d. 60 days - ANSWER b. 30 days
3. When the application of a business entity for a license as a title insurance
producer is submitted, said entity shall file with the Commissioner a blanket fidelity
bond or letter of credit in this amount.
a. 100,000
b. 150,000
c. 10,000
d. 110,000 - ANSWER b. 150,000
4. Unclaimed property must be escheated to the State of Maryland if it remains
unclaimed by the owner of said property within what time frame?
a. After 1 year of contacting owner and not receiving a reply
b. After 1 year of sending the unclaimed property
c. After 3 years of contacting owner and not receiving a reply
d. After 3 years of sending the unclaimed property - ANSWER d. After 3 years of
sending the unclaimed property
5. When a non-resident owner sells property within Maryland, they will be charged by
the title producer and will collect from what amount?
a. Recordation taxes
b. Net proceeds
c. Loan Amount
d. Half of the total payment - ANSWER b. Net proceeds
6. Under the Real Estate Procedures Act of 1974, all parties to certain real estate
transactions receive a uniform settlement statement called:
a. Loan Estimate
b. Good Faith Estimate
c. Warranty Disclosure
d. Closing Disclosure - ANSWER d. Closing Disclosure
1. If a party uses a fictitious or different name than its business name, it must be
approved by the
a. Maryland Insurance Administration
b. National Association of Insurance Commissioners
c. Maryland Land Title Association
d. American Land Title Association - ANSWER a. Maryland Insurance
Administration
2. When there is termination of the appointment by a title insurer, the insurer must
update the producer register within how many days.
a. 15 days
b. 30 days
c. 45 days
d. 60 days - ANSWER b. 30 days
3. When the application of a business entity for a license as a title insurance
producer is submitted, said entity shall file with the Commissioner a blanket fidelity
bond or letter of credit in this amount.
a. 100,000
b. 150,000
c. 10,000
d. 110,000 - ANSWER b. 150,000
4. Unclaimed property must be escheated to the State of Maryland if it remains
unclaimed by the owner of said property within what time frame?
a. After 1 year of contacting owner and not receiving a reply
b. After 1 year of sending the unclaimed property
c. After 3 years of contacting owner and not receiving a reply
d. After 3 years of sending the unclaimed property - ANSWER d. After 3 years of
sending the unclaimed property
5. When a non-resident owner sells property within Maryland, they will be charged by
the title producer and will collect from what amount?
a. Recordation taxes
b. Net proceeds
c. Loan Amount
d. Half of the total payment - ANSWER b. Net proceeds
6. Under the Real Estate Procedures Act of 1974, all parties to certain real estate
transactions receive a uniform settlement statement called:
a. Loan Estimate
b. Good Faith Estimate
c. Warranty Disclosure
d. Closing Disclosure - ANSWER d. Closing Disclosure
