American Land Title Association - Policy Forms License
As of 2009, title insurance agents issuing more than 50 title insurance policies a year are required to hold a Policy Forms license ("License") granted by the American Land Title Association (ALTA). The License authorizes issuance of ALTA's copyrighted policy forms. Renewal is required every January and is based on the number of policies signed the prior year. Keep in mind that an MP and OP issued in the same transaction count as 1 policy only.
If you signed more than 50 title insurance policies in 2022, you are required to purchase a License ($195). Apply for a license online at the ALTA Store (login and password required; pay through the online portal). If you currently hold a license, you should have received an invoice in December prompting you to renew. You can also elect to become an ALTA member in which case the License is included.
If you issued 50 or fewer title insurance policies in 2022, ALTA still requires an Occasional Use Waiver. Once approved you will be granted a License at no cost. Please visit the ALTA site for more information. If you have questions or concerns, please contact ALTA Staff at 800-787-2582 x 333 or [email protected].
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