The American Land Title Association (ALTA), the national trade association of the land title insurance industry, announced that its Board of Governors recommends that title professionals take steps to implement ALTA’s “Title Insurance and Settlement Company Best Practices” and conduct a self-assessment no later than September 2014.
“An ongoing compliance management program is essential to protecting the integrity of the real estate transaction,” said Michelle Korsmo, ALTA’s chief executive officer. “Reducing settlement risk and safeguarding consumer money has always been a keystone of the title and settlement business.”
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