ALTA Board of Governors Approves Revised Forms, New Endorsement
February 10, 2022
ALTA’s Board of Governors approved a recommendation to adopt several revised ALTA Policy Forms and a new American Lands Waivers and Consents Endorsement during its winter meeting Feb. 1.
The new and revised forms include:
- ALTA Endorsement – Native American Lands Waivers and Consents (New Endorsement)
- ALTA Policy – Residential Limited Coverage Mortgage Modification Policy (Revised Policy)
- ALTA Policy – Junior Loan Policy (Revised Policy)
- ALTA Policy – Short Form Junior Loan Policy (Revised Policy)
- ALTA Addendum – Addendum to Short Form Junior Loan Policy (Revised Addendum, found within the Short Form Junior Loan Policy)
- ALTA Endorsements to Junior Loan Policy – JR 1 and JR 2 (Revised Endorsements)
The subject forms and associated redlines may be downloaded at alta.org/policy-forms in the “Forms For Comment by 03-09-2022 | Intended Effective Date 04-02-2022” section. They are currently posted for industry comment and are subject to change before final.
The deadline for comments is March 9. Send comments to [email protected].
The intended publication date is April 2, following review of any submitted industry comments.
As always, the forms have been developed by the ALTA Forms Committee and approved by the ALTA Board of Governors. An opportunity to review and comment is extended to ALTA members, Policy Forms Licensees and industry customers before final publication. The forms, in general, are made available for customer convenience. The parties are free in each case to agree to different terms and the use of these forms is voluntary unless required by law. The forms are copyrighted, and use is restricted to ALTA Policy Forms Licensees (including ALTA Members) in good standing as of the date of use. Permission to reprint may be requested by emailing [email protected].
Contact ALTA at 202-296-3671 or [email protected].