ALTA Endorsement 46-06 Published In Final; Technical Corrections Announced

September 29, 2015

ALTA Endorsement 46-06 (Option), which was approved by ALTA’s Board in June, has passed through the comment period and is now published in final.

A real estate option is a written agreement or contract giving the holder of the option the right, but not the obligation, to acquire an interest in real property for an agreed upon price and within a certain time frame. There is a market need for an endorsement that provides basic coverage to the insured for loss resulting from certain risks associated with an option. The endorsement can be used in situations where the insured named in a policy is also the holder of a specific option identified in the endorsement.

Additionally, technical corrections have been made to the ALTA Short Form Commitment and ALTA Endorsement 15.2-06. All forms are available at

If you have comments or concerns, forward them to Kelly Romeo, the staff liaison for the Forms Committee, at

Contact ALTA at 202-296-3671 or