Escrow & Title
What is the 'ALTA' and 'CLTA' in title insurance?
ATwo competing title insurance companies
BAmerican Land Title Association (ALTA) and California Land Title Association (CLTA) — organizations that establish standard title insurance policy forms✓ Correct
CThe two types of escrow licenses
DFederal agencies regulating title companies
Explanation
ALTA (American Land Title Association) and CLTA (California Land Title Association) are industry associations that publish standardized title insurance policy forms used in California and nationwide. CLTA policies provide basic coverage; ALTA Homeowner's policies offer extended coverage including survey-related matters.
Related California Escrow & Title Questions
- What is the purpose of a grant deed in California?
- Which of the following liens would have PRIORITY over a previously recorded first mortgage in California?
- Which of the following is an example of a specific lien?
- Which of the following liens has the highest priority when multiple liens exist on a property?
- In California, who typically pays for the owner's title insurance policy?
- What is an 'abstract of title'?
- RESPA prohibits:
- What is the purpose of title insurance?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →