Oklahoma Title License Exam Questions Fully Solved.

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