ESCROW SAMPLE TEST – UTAH
QUESTIONS AND ANSWERS 2026
COMPLETE EXAM PREP WITH
VERIFIED SOLUTIONS
◉ Encumbrances
Answer: A claim, lien, charge, or liability attached to and binding real
property
◉ Solvency
Answer: the possession of assets in excess of liabilities; ability to pay
one's debts.
◉ Escrow
Answer: is the process of holding monetary funds by a title agency or
bank for the purpose of offering or purchasing real property.
◉ Title Insurance
Answer: is the product that is purchased to protect the rights of the
owner, purchaser or lien-holder in the event that that there is a defect,
loss or damage, unmarketability of the title, or invalidity or
unenforceability of any liens or encumbrances on the property.
◉ Who in Utah is the title and escrow industry regulated by?
Answer: The Insurance Department
, ◉ How often in Utah do you need to renew your license?
Answer: Every two years
◉ If there is a change of address or telephone number who needs to be
notified?
Answer: The insurance commissioner
◉ How and when do we notify the insurance commissioner of change?
Answer: 30 days of change and in writing
◉ The___________________________ has all the powers reasonable
and necessary to enable him to reform the duties imposed by hid title.
Answer: Commissioner
◉ How many years must an escrow officer keep recorded documents?
Answer: 3 years
◉ Searches must be maintained for ____ years.
Answer: 15
◉ An annual report which contains a statement of financial condition
must be filed with the ________________ _______________.
Answer: Insurance Department
QUESTIONS AND ANSWERS 2026
COMPLETE EXAM PREP WITH
VERIFIED SOLUTIONS
◉ Encumbrances
Answer: A claim, lien, charge, or liability attached to and binding real
property
◉ Solvency
Answer: the possession of assets in excess of liabilities; ability to pay
one's debts.
◉ Escrow
Answer: is the process of holding monetary funds by a title agency or
bank for the purpose of offering or purchasing real property.
◉ Title Insurance
Answer: is the product that is purchased to protect the rights of the
owner, purchaser or lien-holder in the event that that there is a defect,
loss or damage, unmarketability of the title, or invalidity or
unenforceability of any liens or encumbrances on the property.
◉ Who in Utah is the title and escrow industry regulated by?
Answer: The Insurance Department
, ◉ How often in Utah do you need to renew your license?
Answer: Every two years
◉ If there is a change of address or telephone number who needs to be
notified?
Answer: The insurance commissioner
◉ How and when do we notify the insurance commissioner of change?
Answer: 30 days of change and in writing
◉ The___________________________ has all the powers reasonable
and necessary to enable him to reform the duties imposed by hid title.
Answer: Commissioner
◉ How many years must an escrow officer keep recorded documents?
Answer: 3 years
◉ Searches must be maintained for ____ years.
Answer: 15
◉ An annual report which contains a statement of financial condition
must be filed with the ________________ _______________.
Answer: Insurance Department
