Maryland Insurance Study Guide
Latest Edition 2025-2026. Questions
with Correct Verified Answers. Graded
A
A "chain of title" includes the name(s) of every person or entity who has
owned the questioned property in chronological order? - ANSTrue
A "no survey endorsement" may be used if a lender does not request a
survey? - ANSTrue
A borrower with a balloon note can expect to pay a large payment to the
lender as the last and final payment? - ANSTrue
A boundary survey? - ANS(All of the above) Requires markers/stakes to be
placed on a property, Shows property lines, and Shows building violations.
A bring-to-date is when the title abstractor updates the thru date on the title
commitment? - ANSTrue
A buyer purchased a home and purchased an owner's policy at time of
settlement. There are no roads are easements that allow him to get to a
road. A claim could be made against the owner's policy for what reason? -
ANSLack of legal access
1
,A commitment shows the potential purchaser or lender the insurability of a
property as the effective date of the title commitment? - ANSTrue
A deed of trust can be released by the following except? - ANSCertificate of
satisfaction signed by the post settlement processor
A deed of trust is a specific lien? - ANSTrue
A deed of trust is a three-party instrument, the borrower, the lender and the
trustee. - ANSTrue
A deed of trust may be released by any of the following except the? -
ANSEstoppel declaration signed by borrower
A deed of trust may be released, by filing with the court a cancelled check,
or a wire remittance advice, along with an affidavit? - ANSTrue
A deed of trust provides the lender with a right to foreclose when a default
occurs? - ANSTrue
A deed of trust? - ANSMust be notarized
A deed that contains warranties that are not limited or restricted in its scope
to the current seller is said to be this type of deed? - ANSGeneral Warranty
deed
2
,A federal tax lien against one tenant by the entirety? - ANSMust be
satisfied to transfer property
A federal tax lien will attach to a property regardless of whether it is against
one spouse or both spouses? - ANSTrue
A fiduciary or agency relationship exists between? - ANS(All of the above)
Underwriters and title insurance producers, Title insurance producers and
independent contractors and Title insurance producers and lenders
A fiduciary or agent relationship exists between? - ANS(All of the above)
Underwriters and Title Insurance Producers, Title Insurance Producers and
Title Insurance Producers Independent Contractors, and Title Insurance
Producers and lenders.
A fixture is personal property attached to land or a building? - ANSTrue
A foreclosure of a mortgage (versus a deed of trust) is considered judicial?
- ANSTrue
A ground rent may be redeemed through the State Department of
Assessment and Taxation (SDAT)? - ANSTrue
A holder in due course is generally? - ANS(All of the above) A buyer in
good faith, A seller in good faith and A person who received a check or
promissory note in good faith.
3
, A judgement against one tenant by the entirety does not attach to a
property, except in the case of a federal tax lien? - ANSTrue
A judgment can only attach to a property if the lien is filed in Circuit Court,
except in the case of Baltimore City - District court will suffice? - ANSTrue
A judgment line or other lien entered against one tenant in common
attaches to a fractional interest of the property owned by the tenant? -
ANSTrue
A lender's title insurance policy insures a deed of trust and the coverage
amount is usually the amount of the mortgage loan. It protects the party
who lends money and the lender takes an equitable interest in the real
property as collateral? - ANSTrue
A license to become a title producer is issued by? - ANSThe Insurance
commissioner
A licensed title producer is authorized to sell and/or solicit title insurance on
behalf of? - ANSThe appointing title insurer
A lien may be considered a cloud on a title? - ANSTrue
A limited title search typically goes back two owners in the chain of title? -
ANSTrue
A line of credit is considered an open-end mortgage? - ANSTrue
4
Latest Edition 2025-2026. Questions
with Correct Verified Answers. Graded
A
A "chain of title" includes the name(s) of every person or entity who has
owned the questioned property in chronological order? - ANSTrue
A "no survey endorsement" may be used if a lender does not request a
survey? - ANSTrue
A borrower with a balloon note can expect to pay a large payment to the
lender as the last and final payment? - ANSTrue
A boundary survey? - ANS(All of the above) Requires markers/stakes to be
placed on a property, Shows property lines, and Shows building violations.
A bring-to-date is when the title abstractor updates the thru date on the title
commitment? - ANSTrue
A buyer purchased a home and purchased an owner's policy at time of
settlement. There are no roads are easements that allow him to get to a
road. A claim could be made against the owner's policy for what reason? -
ANSLack of legal access
1
,A commitment shows the potential purchaser or lender the insurability of a
property as the effective date of the title commitment? - ANSTrue
A deed of trust can be released by the following except? - ANSCertificate of
satisfaction signed by the post settlement processor
A deed of trust is a specific lien? - ANSTrue
A deed of trust is a three-party instrument, the borrower, the lender and the
trustee. - ANSTrue
A deed of trust may be released by any of the following except the? -
ANSEstoppel declaration signed by borrower
A deed of trust may be released, by filing with the court a cancelled check,
or a wire remittance advice, along with an affidavit? - ANSTrue
A deed of trust provides the lender with a right to foreclose when a default
occurs? - ANSTrue
A deed of trust? - ANSMust be notarized
A deed that contains warranties that are not limited or restricted in its scope
to the current seller is said to be this type of deed? - ANSGeneral Warranty
deed
2
,A federal tax lien against one tenant by the entirety? - ANSMust be
satisfied to transfer property
A federal tax lien will attach to a property regardless of whether it is against
one spouse or both spouses? - ANSTrue
A fiduciary or agency relationship exists between? - ANS(All of the above)
Underwriters and title insurance producers, Title insurance producers and
independent contractors and Title insurance producers and lenders
A fiduciary or agent relationship exists between? - ANS(All of the above)
Underwriters and Title Insurance Producers, Title Insurance Producers and
Title Insurance Producers Independent Contractors, and Title Insurance
Producers and lenders.
A fixture is personal property attached to land or a building? - ANSTrue
A foreclosure of a mortgage (versus a deed of trust) is considered judicial?
- ANSTrue
A ground rent may be redeemed through the State Department of
Assessment and Taxation (SDAT)? - ANSTrue
A holder in due course is generally? - ANS(All of the above) A buyer in
good faith, A seller in good faith and A person who received a check or
promissory note in good faith.
3
, A judgement against one tenant by the entirety does not attach to a
property, except in the case of a federal tax lien? - ANSTrue
A judgment can only attach to a property if the lien is filed in Circuit Court,
except in the case of Baltimore City - District court will suffice? - ANSTrue
A judgment line or other lien entered against one tenant in common
attaches to a fractional interest of the property owned by the tenant? -
ANSTrue
A lender's title insurance policy insures a deed of trust and the coverage
amount is usually the amount of the mortgage loan. It protects the party
who lends money and the lender takes an equitable interest in the real
property as collateral? - ANSTrue
A license to become a title producer is issued by? - ANSThe Insurance
commissioner
A licensed title producer is authorized to sell and/or solicit title insurance on
behalf of? - ANSThe appointing title insurer
A lien may be considered a cloud on a title? - ANSTrue
A limited title search typically goes back two owners in the chain of title? -
ANSTrue
A line of credit is considered an open-end mortgage? - ANSTrue
4
