Escrow & Title
In Hawaii, what is the purpose of the 'ALTA' title insurance policy form?
AA. It provides more limited coverage than a standard policy
BB. American Land Title Association forms provide comprehensive title insurance coverage including extended protections✓ Correct
CC. ALTA policies only cover lenders, not property owners
DD. ALTA policies are only used for leasehold properties
Explanation
ALTA policy forms are standardized title insurance policies developed by the American Land Title Association, providing comprehensive coverage options for both owners and lenders.
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