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Ut Base Forward Procedure Q2 2010
21 Questions
|
By Qcleadregina | Updated: Mar 21, 2022
| Attempts: 38
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1.
What is a valid base?
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About This Quiz
What is a good base and what other things need to be considered.
2.
What's your name?
We’ll put your name on your report, certificate, and leaderboard.
2.
Should you ever use a comparable base when the PIQ is a condominium?
Yes
No
Submit
3.
Use of a Lender's policy is preferred over the use of a Owner's policy if both were completed simultaneously.
True
False
Submit
4.
You can always use a Letter Report as a base.
True
False
Submit
5.
A/R search is not necessary because everything is listed in the chain sheet in recording order anyway.
True
False
Submit
6.
What are the rules on using a Vesting as shown on a direct base?
It is current vesting
Covers 100% interest
Has been proofed for errors
All of the above
Submit
7.
Who is responsible to make sure that current vesting deed (s) are pulled and put into the document respository?
Screener
Searcher
Vasu
Examiner
Auditor
Submit
8.
What are the rules is using the legal description as shown in a direct base?
It describes PIQ
Has been proofed for errors
All of the above
Submit
9.
CCR's exceptions will be copied exactly from the base to the new report.
True
False
Submit
10.
If using a Foregin Base, show any Deeds of Trust and othe rmonetary matters posted to the property not shown on the base and not reconveyed or released.
True
False
Submit
11.
Show all survey matters on the base
True
False
Submit
12.
When reviewing the PI and GI we have a come forward time frame which requires us to go back prior to the policy date. What is that?
10 days
20 days
30 days
3 months
None of the above
Submit
13.
If the Vesting Deed is posted prior to the base and the gap period, the Vesting Deed must be found and placed in the document repository by the examiner
True
False
Submit
14.
Foregin bases may be requested through IM.
True
False
Submit
15.
Delete all exceptions that have been released, terminated,l reconveyed or are elimiated by specific time frames.
True
False
Submit
16.
Do you need to make sure of access if the base does not disclose any issues?
Yes
No
Submit
17.
Is a Misc. Report an acceptable base product?
Yes
No
Submit
18.
Is a Foregin Base the covers the PIQ and has more property in it considered a good base to use?
Yes
No
Submit
19.
When marking up the PI and GI printouts only come from the base date forward.
True
False
Submit
20.
If the base considered has the following exception: "Covenants, Conditions, Restrictions and/or Easements, if any, affecting title, which may appear in the public record"...you can use this as a base.
True
False
Submit
21.
Exceptions entitled" temporary easements" must not be pulled to determine if time frames has expired.
True
False
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All (21)
Unanswered (
)
Answered (
)
What is a valid base?
Should you ever use a comparable base when the PIQ is a condominium?
Use of a Lender's policy is preferred over the use of a Owner's policy...
You can always use a Letter Report as a base.
A/R search is not necessary because everything is listed in the chain...
What are the rules on using a Vesting as shown on a direct base?
Who is responsible to make sure that current vesting deed (s) are...
What are the rules is using the legal description as shown in a direct...
CCR's exceptions will be copied exactly from the base to the new...
If using a Foregin Base, show any Deeds of Trust and othe rmonetary...
Show all survey matters on the base
When reviewing the PI and GI we have a come forward time frame which...
If the Vesting Deed is posted prior to the base and the gap period,...
Foregin bases may be requested through IM.
Delete all exceptions that have been released, terminated,l reconveyed...
Do you need to make sure of access if the base does not disclose any...
Is a Misc. Report an acceptable base product?
Is a Foregin Base the covers the PIQ and has more property in it...
When marking up the PI and GI printouts only come from the base date...
If the base considered has the following exception: "Covenants,...
Exceptions entitled" temporary easements" must not be pulled to...
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OK
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