Third-Circuit Interprets ALTA Policy

October 21, 2009

Read on for a summary of the U.S. Court of Appeals for the 3rd Circuit opinion, Nationwide Life Insurance Company vs. Commonwealth Land Title Insurance Company, which explains the nationwide ramifications as to how standard ALTA policy forms must coordinate, and the language and risk-establishment processes mandated by the opinion and clarifies where risk should be established between the insurer and the insured mortgagee as to applicable restrictions found in the chain of title.

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