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ALTA

Snell & Wilmer

Coverage Construction: Arizona Supreme Court’s Osborn III Opinion

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In Fidelity National v. Osborn III Partners LLC, the Arizona Supreme Court recently decided the question of whether mechanics’ liens filed by a general contractor are a construction lender’s “own darn fault” if the liens...more

Fox Rothschild LLP

Procedural Considerations in Defending Title Insurers Against Extracontractual Claims in Washington State

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Bad faith, Insurance Fair Conduct Act (IFCA) and Consumer Protection Act (CPA) litigation continues to proliferate in Washington State, including litigation pertaining to title insurance claims. The stakes could not be higher...more

Faegre Drinker Biddle & Reath LLP

Changes to Title and Survey Diligence Insurers Don’t Want to Miss

As part of an effort to revamp and modernize title insurance policies and land surveys, this year, the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) updated their standards,...more

Husch Blackwell LLP

The 2021 ALTA/NSPS Survey Standards Impact On Renewable Energy Projects

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Earlier this year, the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) implemented the revised 2021 Minimum Standard Detail Requirements (“2021 Standards”) for surveys. If a...more

Pillsbury - Gravel2Gavel Construction & Real...

New 2021 ALTA/NSPS Land Title Survey Standards Effective February 23, 2021

The “Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys” is a document jointly promulgated by the American Land Title Association (ALTA), representing the title insurance industry, and the National Society...more

Eversheds Sutherland (US) LLP

Changes to 2021 ALTA Survey Standards – what you need to know

The American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) recently adopted revised Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys. The new standards will...more

Ballard Spahr LLP

The Mortgage Bankers Association, the American Land Title Association, and the National Association of Realtors Publish Model...

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On July 1, 2020, the Mortgage Bankers Association (MBA) announced cooperation with the American Land Title Association (ALTA) and the National Association of Realtors (NAR) in the development of a model remote notarization...more

Carlton Fields

The CCPA for the Land Title Industry: Practical Compliance With CCPA and New Privacy Laws

Carlton Fields on

With the introduction of the CCPA in January 2020, many other U.S. states have also begun to consider their own proposed data privacy legislation. In this podcast, Elizabeth Reilly from Fidelity National Financial joins...more

Carlton Fields

The CCPA for the Land Title Industry: CCPA Resources and Compliance Tips

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Join Elizabeth Reilly from Fidelity National Financial and Carlton Fields’ attorneys Jack Clabby, Joe Swanson, and Steve Blickensderfer as they answer real questions from real members of the American Land Title Association on...more

Carlton Fields

The CCPA for the Land Title Industry: Service Providers and Sale of Data Under the CCPA

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The CCPA makes several key distinctions in how it defines service providers, covered businesses, and third parties. This podcast discusses some critical definitions in the CCPA as they apply to the land title industry,...more

Williams Mullen

The Williams Mullen Financial Services & Real Estate Quarterly Newsletter

Williams Mullen on

Goodbye LIBOR - Hello Operational Headache! A sea of change is on the horizon for benchmark interest rates as financial regulators respond to the need to replace the London Interbank Offered Rate (“LIBOR”). LIBOR has lost...more

Whitman Legal Solutions, LLC

Real Estate Wire Fraud Hiding in Plain Sight

Real Estate Wire Fraud is Increasing - Just as the stolen Huberman was hidden in plain sight, fraud in real estate transactions has moved out of the shadows and into plain view. Today’s real estate fraudsters pose as...more

Williams Mullen

Title Endorsement Basics

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Title insurance is issued using standardized forms of policies and endorsements. The most commonly used forms for commercial properties are those promulgated by the American Land Title Association (ALTA), a nationwide title...more

Carlton Fields

The New 2016 ALTA Commitment with Florida Modifications: Expressing the Limitations on Liability

Carlton Fields on

A significant change to one of the standard title insurance forms recently took effect. The new 2016 ALTA Commitment with Florida Modifications both streamlines the existing features of the title insurance commitment and, for...more

Pillsbury - Gravel2Gavel Construction & Real...

Keeping Your Place in Line: Title Insurance Protections for Construction Loan Disbursements

Most construction loans contemplate multiple advances or disbursements of funds at various stages of the construction project. The construction loan agreement will set forth the conditions that the borrower must satisfy to...more

Morgan Lewis

ALTA Leasehold Endorsement—One Size Does Not Fit All

Morgan Lewis on

Companies should carefully consider the Endorsement’s application to their particular properties before finalizing. As part of our work on several recent transactions, we carefully evaluated the ALTA 13-06 Leasehold...more

Williams Mullen

Title Endorsement Basics

Williams Mullen on

Title insurance is issued using standardized forms of policies and endorsements. The most commonly used forms for commercial properties are those promulgated by the American Land Title Association (ALTA), a nationwide title...more

Eversheds Sutherland (US) LLP

Changes to 2016 ALTA Survey Standards – What You Need to Know

The American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) recently adopted revised Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys. The new standards became...more

Stoel Rives LLP

14 Things You Should Know About the New 2016 Surveying Standards

Stoel Rives LLP on

Effective Tuesday, February 23, 2016, the ALTA/NSPS group has adopted changes to the listing of items to be included in a standard survey (what used to be called an “ALTA/ACSM” survey). The ALTA/NSPS survey standards are the...more

Lowndes

Surveying the Changes

Lowndes on

Effective today, the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) announced changes to the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys (the...more

Mintz - Real Estate, Construction &...

2016 ALTA/NSPS (formerly ALTA/ACSM) Land Title Survey Standards

On February 23, 2016, the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys will become effective (superseding the 2011 ALTA/ACSM standards)....more

Dickinson Wright

Changes to Minimum Standard Detail Requirements for Land Title Surveys Coming in February

Dickinson Wright on

The American Land Title Association (ALTA) and National Society of Professional Surveyors (NSPS) have announced changes to the standards for the minimum standard detail requirements for land title surveys of real property....more

Holland & Knight LLP

West Coast Real Estate Update: Feb. 2016 #2

Holland & Knight LLP on

New Legislation Limits Tax Sharing Agreements - California Senate Bill (SB) 533, which was signed into law in October 2015, went into effect on Jan. 1, 2016, and limits local government from executing tax-sharing...more

Bradley Arant Boult Cummings LLP

ALTA Introduces New CPL Form with Major Potential Negative Implications for the Financial Services Industry

In April, we posted about the significant protection afforded mortgage lenders and servicers as part of closing protection letters including recent judicial interpretations providing critical indemnity to lenders for “actual...more

Dickinson Wright

Rules Against Title Insurer on Date of Loss Issue

Dickinson Wright on

In the recent decision in First American Title Insurance Co. v. Johnson Bank, 1 CA-CV 14-0190, 2015 WL 3965740 filed June 30, 2015, the Arizona Court of Appeals held that the date for calculating a loss under a lender’s title...more

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