Escrow & Title
ALTA (American Land Title Association) title insurance policies are significant because they:
AAre only available in Montana
BProvide standardized, broader coverage than basic title policies and are widely accepted by lenders✓ Correct
CReplace the need for a title search
DAre required by Montana state law for all transactions
Explanation
ALTA policies provide standardized, comprehensive title insurance coverage that is widely accepted by national lenders. They offer broader protection than basic policies and are the industry standard for lender's title insurance.
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