Definitions for "AMERICAN LAND TITLE ASSOCIATION"
This is a national association of title companies, attorneys and abstractors.
The more complete and extensive policy of land title insurance that most lenders insist upon. It involves a physical inspection and often guarantees the property's boundaries. Lenders will often insist on an ALTA policy with themselves named as beneficiaries.
An organization composed of title insurance companies, which has adopted certain insurance policy forms to standardize title insurance coverage on a national basis. See also TITLE INSURANCE.
Amortization Annual Percentage Rate (apr)