What occurs when a title search does not uncover uninsurable defects?

When a title search does not reveal any uninsurable defects, it means that the title is considered to be clear and legitimate for the purpose of obtaining title insurance. In such cases, the title insurance company can issue a binder or a commitment to insure. This document serves as a preliminary assurance that the insurer is prepared to issue a title insurance policy upon the successful closing of the transaction.

The binder signifies that the insurer has reviewed the title and found it satisfactory, providing protection against future claims or defects that were not discovered during the title search. It essentially lays the groundwork for final documentation, reinforcing the buyer's confidence in the property's ownership and the security of their investment.

The other choices do not reflect the typical outcomes following a successful title search. A refund would not be relevant in this context, nor is there a need for a new title search when no defects are found. Filing a public notice is generally not a response to the findings of a title search, as it pertains to recording interests or claims in public records rather than confirming title insurance eligibility.