American Land Title Association - ALTA


DEFINITION of 'American Land Title Association - ALTA'

A trade association representing the title insurance industry. Founded in 1907, the American Land Title Association also focuses on a property's abstract of title, which ties the history of the title to a particular piece of real estate. The organization seeks to improve industry oversight and to protect consumers.

BREAKING DOWN 'American Land Title Association - ALTA'

Members of the ALTA agree to a code of conduct that outlines ethical business practices, including operating in a legal and compliant manner that is fair to the consumer. The Land Title Institute (LTI), a subsidiary of ALTA, offers educational training in the industry.

  1. Chain Of Title

    The official record of ownership of a property or asset. The ...
  2. Abstract Of Title

    A brief history of the titles for a piece of land. The abstract ...
  3. Perfect Title

    A title deed for real estate that does not have any liens attached ...
  4. Title

    The right to the ownership and possession of any item that may ...
  5. Lien

    The legal right of a creditor to sell the collateral property ...
  6. Title Search

    An examination of public records to determine and confirm a property's ...
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