Escrow & Title
In Wyoming, a standard ALTA/NSPS Land Title Survey (formerly ALTA/ACSM) is required by lenders for:
AAll residential transactions
BCommercial real estate transactions where the lender requires accurate boundary, improvement, and easement information✓ Correct
CAgricultural land only
DProperties sold at auction
Explanation
ALTA Land Title Surveys are detailed surveys used primarily in commercial real estate transactions. They show property boundaries, improvements, easements, rights-of-way, and other matters affecting title. Lenders on commercial loans typically require ALTA surveys to support the ALTA extended coverage title insurance policy.
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