August 17, 2010
The CLTA filed a new 2010 Homeowners Policy of Title Insurance and 2010 ALTA Expanded Coverage Residential Loan Policy. Both now contain a creditor’s rights exclusion and the new homeowners policy provides coverage to a newly defined Estate Planning Entity. An updated Preliminary Report Form was filed to reflect the inclusion of the creditor’s rights exclusion. The existing policies were not withdrawn. The CLTA also filed two new ALTA endorsements for interest rate swaps and one addressing rights of access to utilities. Several revised ALTA endorsements were filed adopting ALTA changes to the endorsements.