Definition: Title insurance that is issued for the unpaid mortgage amount that protects the lender against title defects.
Pronunciation:
Used in a Sentence: The bank required a lender’s policy for the unpaid mortgage amount on the property.
Definition: Title insurance that is issued for the unpaid mortgage amount that protects the lender against title defects.
Pronunciation:
Used in a Sentence: The bank required a lender’s policy for the unpaid mortgage amount on the property.