The following terms were found in the Loan Glossary beginning with the letter (T). Please review the terms below.

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