Escrow & Title
What does ALTA stand for in the context of Nevada title insurance?
AAmerican Land Title Association✓ Correct
BAuthorized Land Transfer Agency
CAdvanced Lien Title Assurance
DApplied Legal Title Administration
Explanation
ALTA stands for the American Land Title Association, which sets standards for title insurance policies. ALTA policies provide broader coverage than standard coverage policies and are commonly required by lenders in Nevada.
Related Nevada Escrow & Title Questions
- What is a 'gap' in a Nevada title chain and why is it a problem?
- A 'cloud on title' in Nevada refers to:
- In Nevada, what does a 'preliminary title report' (also called a 'title commitment') reveal?
- What is a 'trustee's deed' in Nevada and when is it issued?
- What is a homeowner's association (HOA) resale certificate and why is it important in Nevada?
- What is a 'beneficiary statement' in a Nevada real estate transaction?
- What is a 'closing protection letter' in Nevada title transactions?
- What does it mean for a deed to be 'recorded' in Nevada?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →