CA Ncs Lot Book Guarantee Quiz
5 Questions
| Attempts: 78
This quiz will go over the Lot Book Guarantee procedure trained on 3 February 2010.
Questions and Answers
- 1.
If there are two separate deeds that make up the vesting for the property, only the latest recorded one needs to be reflected.
- A.
True
- B.
False
Correct Answer
B. False -
- 2.
Sub-items to deeds of trust do not need to be shown on the report - on the deeds of trust themselves.
- A.
True
- B.
False
Correct Answer
A. True -
- 3.
If there are no items to reflect - no codes or information need to be entered in the exceptions portion of the report.
- A.
True
- B.
False
Correct Answer
B. False -
- 4.
If Mechanic's Liens are requested to be shown on a Lot Book Guarantee report they should be checked and reflected.
- A.
True
- B.
False
Correct Answer
B. False -
- 5.
GI does not need to be ran for Lot Book Guarantees.
- A.
True
- B.
False
Correct Answer
A. True -
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Current Version
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Mar 20, 2022Quiz Edited by
ProProfs Editorial Team -
Feb 04, 2010Quiz Created by
Ncsqclead
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