OKLAHOMA TITLE LICENSE EXAM WITH COMPLETE SOLUTIONS
100% VERIFIED!! LATEST UPDATE ALREADY GRADED A+
A CPL provides against - (ANSWER)Defalcation of funds by the title insurance agency
The maximum allowable time period between the most recent abstract certification date and the
effective date of the title insurance policy - (ANSWER)180 days
1 mile - (ANSWER)5,280 feet
1 chain - (ANSWER)66 feet
3 types of unfair trade practices - (ANSWER)Intimidation, discrimination, false advertising
ALTA - (ANSWER)American Land and Title Association
Items that need to be included with a copy of the Title Policy submitted by the title insurance agent to
the title insurer. - (ANSWER)Abstract Certificate and Title Opinion
Alien created by a statutory filing of a court judgement in the real property records. This lien commonly
referred to as a AJ in Texas, attaches to all non-exempt real property of the person or entity that the
judgement was against. - (ANSWER)Abstract of Judgment
Voluntary surrender or relinquishment of possession of a property - (ANSWER)Abandonment
Abatement - (ANSWER)A reduction or decrease,usually applies to a decrease of assessed valuation of ad
valorem taxes after the assessment and levy
Abstract of Judgement - (ANSWER)A summary of money judgment obtained in court. Becomes a lien
when, recorded in the county recorders office, on the debtors property
Abstract Plant - (ANSWER)A geographically arranged abstract plant, currently kept to date, that is
adequate for use in insuring titles, so as to provide for the safety and protection of the policyholders. An
, OKLAHOMA TITLE LICENSE EXAM WITH COMPLETE SOLUTIONS
100% VERIFIED!! LATEST UPDATE ALREADY GRADED A+
abstract plant as further defined in Rule P-12 and as further provided for in the Insurance Code, Chapter
2501.003 and Chapter 2502, must include an abstract plant for each county in which a title insurance
agent or direct operation maintains an office.
Abstract of Title - (ANSWER)A compilation of all documents of record affecting a specific real property
during a specified time period, certified by a licensed abstractor.
Accertion - (ANSWER)Increase in land area by the gradual deposit of solid material cause by the action of
water.
Access - (ANSWER)The right to enter and leave a tract of land from a public way. Can include the right to
enter and leave over the lands of another
Acceleration Clause (in a mortgage) - (ANSWER)Specifies conditions under which the lender may
advance the time when the entire debt which is secured by the mortgage becomes due. For example,
most mortgages contain provisions that the note shall become due immediately upon the sale of the
securing land without the lender's consent or upon failure of the landowner to pay an installment when
due.
Acre - (ANSWER)A tract of land 208.71 ft square and containing 43,560 square feet of land.
Accretion - (ANSWER)The slow build up of lands by natural forces such as wind or water
Administrator - (ANSWER)A person appointed by a probate court to settle the estate of an individual that
has died. The term is "administratix" if such a person is a woman.
Adjudication - (ANSWER)Judicial determination of a case or controversy.
Adjustable Rate Mortgage - (ANSWER)A mortgage in which the interest changes periodically, according
to corresponding fluctuations in an index all ARMS are tied to indexes.
100% VERIFIED!! LATEST UPDATE ALREADY GRADED A+
A CPL provides against - (ANSWER)Defalcation of funds by the title insurance agency
The maximum allowable time period between the most recent abstract certification date and the
effective date of the title insurance policy - (ANSWER)180 days
1 mile - (ANSWER)5,280 feet
1 chain - (ANSWER)66 feet
3 types of unfair trade practices - (ANSWER)Intimidation, discrimination, false advertising
ALTA - (ANSWER)American Land and Title Association
Items that need to be included with a copy of the Title Policy submitted by the title insurance agent to
the title insurer. - (ANSWER)Abstract Certificate and Title Opinion
Alien created by a statutory filing of a court judgement in the real property records. This lien commonly
referred to as a AJ in Texas, attaches to all non-exempt real property of the person or entity that the
judgement was against. - (ANSWER)Abstract of Judgment
Voluntary surrender or relinquishment of possession of a property - (ANSWER)Abandonment
Abatement - (ANSWER)A reduction or decrease,usually applies to a decrease of assessed valuation of ad
valorem taxes after the assessment and levy
Abstract of Judgement - (ANSWER)A summary of money judgment obtained in court. Becomes a lien
when, recorded in the county recorders office, on the debtors property
Abstract Plant - (ANSWER)A geographically arranged abstract plant, currently kept to date, that is
adequate for use in insuring titles, so as to provide for the safety and protection of the policyholders. An
, OKLAHOMA TITLE LICENSE EXAM WITH COMPLETE SOLUTIONS
100% VERIFIED!! LATEST UPDATE ALREADY GRADED A+
abstract plant as further defined in Rule P-12 and as further provided for in the Insurance Code, Chapter
2501.003 and Chapter 2502, must include an abstract plant for each county in which a title insurance
agent or direct operation maintains an office.
Abstract of Title - (ANSWER)A compilation of all documents of record affecting a specific real property
during a specified time period, certified by a licensed abstractor.
Accertion - (ANSWER)Increase in land area by the gradual deposit of solid material cause by the action of
water.
Access - (ANSWER)The right to enter and leave a tract of land from a public way. Can include the right to
enter and leave over the lands of another
Acceleration Clause (in a mortgage) - (ANSWER)Specifies conditions under which the lender may
advance the time when the entire debt which is secured by the mortgage becomes due. For example,
most mortgages contain provisions that the note shall become due immediately upon the sale of the
securing land without the lender's consent or upon failure of the landowner to pay an installment when
due.
Acre - (ANSWER)A tract of land 208.71 ft square and containing 43,560 square feet of land.
Accretion - (ANSWER)The slow build up of lands by natural forces such as wind or water
Administrator - (ANSWER)A person appointed by a probate court to settle the estate of an individual that
has died. The term is "administratix" if such a person is a woman.
Adjudication - (ANSWER)Judicial determination of a case or controversy.
Adjustable Rate Mortgage - (ANSWER)A mortgage in which the interest changes periodically, according
to corresponding fluctuations in an index all ARMS are tied to indexes.
