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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. The process by which a mortgage is enforced against real estate is called a

A) forfeiture.
B) sheriff's sale.
C) non-judicial foreclosure.
D) trustee sale.

2. Which of the following is NOT effective with a Quit Claim Deed?

A) Stops grantor from asserting rights.
B) Conveyance of title interest.
C) Warranty of title.
D) Remove clouds on title.

3. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?

A) marketing
B) pre-closing
C) post-closing
D) disbursement

4. Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?

A) The signatures on the document must be acknowledged.
B) The executed title insurance policy must be sent to the state insurance department.
C) The stamp of the notary must be clear and legible and nothing may be written over it.
D) The addresses of grantees must be provided on a special form appended to the document.

5. An agent who collects money from an insured and holds it for payment to the insurer is

A) commingling funds.
B) providing coverage.
C) acting in a fiduciary capacity.
D) wrongfully withholding funds.

Solutions: