Question: 1. Explain the difference between actual knowledge and constructive knowledge. (p. 215) 2. List the three components of a title insurance commitment. List the three

1. Explain the difference between "actual knowledge" and "constructive knowledge." (p. 215) 2. List the three components of a title insurance commitment. List the three components of a title insurance policy. (p. 215) 3. Explain the difference between an amortized loan and an interest-only loan. (p. 266) 4. What does the term "PITI" stand for? (p. 266)

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