Which part of the title commitment specifies the date of the title examination?

Prepare for the Ohio Land Title Association exam. Enhance your understanding of real estate transactions, title search, and property law. Study with interactive quizzes and detailed explanations to excel in your test.

The part of the title commitment that specifies the date of the title examination is Schedule A. Schedule A typically serves as an overview of the transaction, including essential details such as the effective date of the commitment, the title insured, and the date on which the title was examined. This date is crucial for establishing the validity of the title search, ensuring that any issues or encumbrances present in the public records as of that date are identified.

Understanding this component is vital for title agents, as it provides a reference point for any changes that may occur in the chain of title or public records after that examination date. This helps in assessing the potential risks associated with the title and informs the parties involved in the transaction regarding the status of the title as of the examination date.

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