The following terms were found in the Loan Glossary
beginning with the letter (T).
Please review the terms below.
Total Records Returned for (T): 6
Title: A legal document establishing the right of ownership.
Title company: A company that specialized in insuring title to property.
Title insurance: Insurance to protect the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property.
Title search: A check of the title records to ensure that the seller is the legal owner of the property and that there are no liens or other claims outstanding.
Transfer tax: State or local tax payable when title passes from one owner to another.
Truth-in-Lending Act: A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the APR and other charges