Origination ActivitiesQuestion 276 of 400
A title commitment lists Schedule B exceptions. What are these exceptions?
a.Amounts the lender must pay the appraiser
b.Matters the title policy will NOT insure against, such as certain easements or restrictions
c.The borrower's monthly payment breakdown
d.The lock expiration dates
Explanation
Schedule B of a title commitment lists exceptions, meaning specific matters like easements, covenants, or restrictions that the title policy will not cover. Reviewing these helps determine whether title is acceptable. They are unrelated to appraiser fees, payments, or lock dates.
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