1031 Real Estate Like-kind Exchanges
Title agents see firsthand the importance of 1031 exchanges for building and sustaining local communities. Like-kind exchanges provide an important incentive for investing in affordable housing and commercial real estate.
Flood Insurance
The National Flood Insurance Program is critical to provide certainty to the housing market. Property owners need to have access to affordable flood insurance. Without flood insurance protection, homeowners will not be able to buy, sell or refinance real estate.
Geographic Targeting Orders
ALTA works closely with the U.S. Department of the Treasury to keep members informed of Geographical Targeting Orders (GTOs). GTOs apply to all title insurers, their subsidiaries and agents of (“Covered Business”).
Information Shielding Laws
The title industry recognizes limiting access to certain personal information in government records can help protect the safety of at-risk groups. The best way to shield sensitive information is to limit who has access to the protected data, without removing or altering vital public records.
Native American Lands
ALTA monitors Native American Lands legislation, regulation, case law, and ongoing litigation to determine its impact on title insurance and conveyancing and develop official positions regarding Native American Lands
Predictable Recording Fees
Document recording fees represent a very small percentage of the closing costs associated with a real estate transaction. However, if the recording fee is calculated incorrectly it may adversely affect the closing.
SECURE Notarization Act
The Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act) is bipartisan federal legislation that permits immediate nationwide use of remote online notarization (RON) with minimum standards and provides certainty for the interstate recognition of RON.