ALTA’s Policy Forms are periodically revised to reflect changes in the marketplace brought about by evolving business practices, expectations of insureds, laws, regulations and legal decisions. Advancements in electronic notarizations, changes in certain consumer and creditors’ rights law, and case law developments were primary drivers leading to the latest revision of the ALTA Loan and Owner’s policies and numerous other ALTA forms and endorsements. The revised collection was published in July and is being rolled out, so it’s important you understand the updates so you can educate your staff and customers about coverage changes.
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