Title Records Flashcards

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1
Q

Passing of Title

A

passes on delivery and acceptance of a deed, not recording

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2
Q

Recording Fees

A

$60 for the first page, $5 for each additional page; with consideration over $2000 there is an additional $2 fee

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3
Q

Day Book

A

there is sometimes a few days time lapse between the recording of a document and the town clerk’s indexing it in the grantor/grantee lists so it will be documented in the day book

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4
Q

Title Search

A

consists of examining all relevant land records related to the property; purchaser assumes responsibility

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5
Q

Abstract of Title

A

detailed accounting of the status of the title

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6
Q

Title Insurance

A

insurance policy insuring the states of the title

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7
Q

Certificate of Title

A

brief summary on the status of the title

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8
Q

Torrens System

A

CT does not recognize or employ the torrens system or any other system of land title registration

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9
Q

Marketable Record Title

A

one that is unbroken for a period of 40 years

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