ALTA Best Practices

The American Land Title Association best practices (“ALTA best practices”) regarding the settlement of real estate transactions are designed to promote client protection and increase transparency in our industry.

The 7 “best practices” are:

1. Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.
2. Adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.
3. Adopt and maintain a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.
4. Adopt standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement process.
5. Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.
6. Maintain appropriate professional liability insurance and fidelity coverage.
7. Adopt and maintain written procedures for resolving consumer complaints.

The American Land Title Association best practices (“ALTA best practices”) regarding the settlement of real estate transactions are designed to promote client protection and increase transparency in our industry.

Ewing Law Center fully embraces, supports and adopts these industry “best practices”.

ALTA Best Practice #1 is “Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.”

Ewing Law Center is a corporation in good standing with the great State of North Carolina since 1993, with documentation on file with the department of the Secretary of State.