The ALTA Forms Committee has made technical corrections to the 2016 ALTA Commitment and 2017 ALTA Short Form Commitment for an ALTA Short Form Residential Loan Policy.
The technical corrections to both forms add clarity to the use of the defined term "Title" in Schedule A and the proper inclusion of the ALTA Registry ID in the optional Transaction Identification Data section.
An additional Short Form correction makes the Proposed Policy Amount non-optional and includes clearer blank spaces for the Proposed Policy Amount and the Proposed Insured.
If you are a current ALTA member, you can view the redline versions on the ALTA website at www.alta.org.
A notification will be sent out when the underwriter forms are updated and available to use.
