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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which document is recorded in the recorder of deeds?
A) mechanic's lien
B) civil judgment
C) realty transfer tax statement of value
D) notice of lis pendens
2. Coverage under a loan policy remains effective
A) until the secured debt is satisfied.
B) during the life of the owner.
C) until the property is sold.
D) until the lender assigns the mortgage.
3. Which of the following statements is true concerning an unrecorded deed?
A) it does not give constructive notice of ownership
B) it need not name the grantee
C) it need not contain a legal description
D) it is not valid between the grantor and the grantee
4. When a mortgagee's title insurance policy is issued and no owner's policy will be issued, a written waiver must be signed by the:
A) Mortgagor
B) Title agent
C) Mortgagee
D) Seller
5. All of the following are subject to false advertising regulations EXCEPT
A) gifts.
B) circulars.
C) letters.
D) statements.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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