ESCROW FINAL REVIEW QUESTIONS
AND ANSWERS 100% SOLVED
Which form is designed for use with standard coverage policies when the beneficial (lenders)
interest in the insured deed of trust has been assigned? ✔✔A. CLTA form 104.1
A note that is specially endorsed in a buyer favor is called a(N): ✔✔A. Special Endorsement
What type of note transfer guarantees that a seller will make payments on the note should the
payer fail to do so? ✔✔A. A with recourse transfer
The information required to complete the assigned of deed of trust form is taken from the:
✔✔C. Trust deed
A counter claim against the beneficiary based on a dispute about the amount or terms of the
obligation is called a(N): ✔✔B. Owner's offset statement
By recording the request for notice as an accommodation the title company will: ✔✔B. Have no
ability for its validity or sufficiency
As a general rule its best to make your instructions: ✔✔Brief and to the point.
When endorsing an assignment form, the signatures should be: ✔✔A. Exactly as their names
appear on the trust deed.
, Completing the final settlement statement is usually the: ✔✔A. First step in the closing process
Promissory notes secured by deeds of trust are customarily in the form of: ✔✔B. Negotiable
Instrument
A written promise or order to pay money is called a: ✔✔A. Negotiable Instrument
The means by which a note made payable to bearable is transferred is called: ✔✔B. Delivery
Which of the following creates security for the performance of an obligation? ✔✔C.
Collateral Assignment
50 When a buyer assumes an existing loan, he or she signs: ✔✔B. an assumption agreement with
the lender.
If the buyer fails to perform in meeting the obligations under the loan the lender will probably
file a: ✔✔Notice of Default
A resident can be protected from judgment that become liens by the acknowledgment recording
✔✔Declaration of homestead
AND ANSWERS 100% SOLVED
Which form is designed for use with standard coverage policies when the beneficial (lenders)
interest in the insured deed of trust has been assigned? ✔✔A. CLTA form 104.1
A note that is specially endorsed in a buyer favor is called a(N): ✔✔A. Special Endorsement
What type of note transfer guarantees that a seller will make payments on the note should the
payer fail to do so? ✔✔A. A with recourse transfer
The information required to complete the assigned of deed of trust form is taken from the:
✔✔C. Trust deed
A counter claim against the beneficiary based on a dispute about the amount or terms of the
obligation is called a(N): ✔✔B. Owner's offset statement
By recording the request for notice as an accommodation the title company will: ✔✔B. Have no
ability for its validity or sufficiency
As a general rule its best to make your instructions: ✔✔Brief and to the point.
When endorsing an assignment form, the signatures should be: ✔✔A. Exactly as their names
appear on the trust deed.
, Completing the final settlement statement is usually the: ✔✔A. First step in the closing process
Promissory notes secured by deeds of trust are customarily in the form of: ✔✔B. Negotiable
Instrument
A written promise or order to pay money is called a: ✔✔A. Negotiable Instrument
The means by which a note made payable to bearable is transferred is called: ✔✔B. Delivery
Which of the following creates security for the performance of an obligation? ✔✔C.
Collateral Assignment
50 When a buyer assumes an existing loan, he or she signs: ✔✔B. an assumption agreement with
the lender.
If the buyer fails to perform in meeting the obligations under the loan the lender will probably
file a: ✔✔Notice of Default
A resident can be protected from judgment that become liens by the acknowledgment recording
✔✔Declaration of homestead
