Escrow & Title
In Indiana, ALTA (American Land Title Association) survey standards are relevant because they:
ASet the state property tax assessment methodology
BEstablish the requirements for surveys used in commercial real estate transactions and title insurance✓ Correct
CRegulate the licensing of Indiana surveyors
DSet flood insurance requirements
Explanation
ALTA survey standards define the requirements for surveys that meet the needs of title companies for issuance of title insurance, particularly in commercial transactions, ensuring surveys identify encroachments, easements, and boundary issues.
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