Escrow & Title
In New Mexico, an 'ALTA survey' differs from a standard boundary survey in that an ALTA survey:
AIs less detailed and less expensive
BMeets specific standards jointly established by ALTA and NSPS, including location of improvements, easements, encroachments, and utilities — required for commercial transactions and extended title insurance✓ Correct
CIs performed by the title company
DIncludes a physical inspection of all buildings
Explanation
An ALTA/NSPS Land Title Survey meets standardized requirements for commercial transactions, including locations of all improvements, easements of record, utility lines, encroachments, and zoning setbacks. Title companies require ALTA surveys to remove standard survey exceptions from extended coverage policies.
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