Escrow & Title
Connecticut's 'ALTA' title insurance policies are standardized by:
AThe Connecticut Real Estate Commission
BThe American Land Title Association, providing nationally standardized forms✓ Correct
CHUD's RESPA requirements
DThe Connecticut Department of Banking
Explanation
ALTA (American Land Title Association) creates standardized title insurance policy forms used nationally, including in Connecticut. These standard forms ensure consistency in coverage and terms.
Related Connecticut Escrow & Title Questions
- A Connecticut buyer's attorney discovers that the property's legal description in the seller's current deed does not match the property's physical boundaries as shown by a recent survey. This discrepancy should be resolved:
- In Connecticut, deeds are recorded in the:
- A 'chain of title' refers to:
- A Connecticut deed must be delivered to the grantee within the life of the grantor to be valid because:
- Which of the following BEST describes a 'deed of trust' compared to a mortgage?
- Which party typically pays the lender's title insurance policy premium in a Connecticut real estate transaction?
- In Connecticut, the deed is most commonly used to transfer title from seller to buyer at closing is the:
- A 'cloud on title' discovered after a Connecticut closing would typically be resolved through a:
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