Doing Business in Florida Blog
2021 American Land Title Association Forms
September 28, 2022
The Florida Office of Insurance Regulation (OIR) has approved the 2021 American Land Title Association (ALTA) forms for use in Florida. OIR has approved use of the new ALTA 2021 Policy forms starting October 3, 2022. The new forms include a new Commitment, Loan and Owner’s Policies, Short Form Residential Loan Policies, as well as the following Endorsements.
- Endorsement 4.1 Condominium - Current Assessments (7-1-21) with Florida modifications
- Endorsement 6 Variable Rate Mortgage (7-1-21) with Florida Modifications
- Endorsement 6.2 Variable Rate Mortgage - Negative Amortization (7-1-21) with Florida modifications
- Endorsement 7.1 Manufactured Housing - Conversion - Loan Policy (7-1-21) with Florida modifications
- Endorsement 7.2 Manufactured Housing - Conversion - Owner's Policy (7-1-21) with Florida modifications
- Endorsement 8.1 Environmental Protection Lien (7-1-21) with Florida modifications
- Endorsement 10 Assignment (7-1-21) with Florida modifications
- Endorsement 10.1 Assignment and Date Down (7-1-21) with Florida modifications
- Endorsement 11 Mortgage Modification (7-1-21) with Florida modifications
- Endorsement 11.1 Mortgage Modification with Subordination (7-1-21) with Florida modifications
- Endorsement 11.2 Mortgage Modification with Additional Amount of Insurance (7-1-21) with Florida modifications
- Endorsement 12 Aggregation - Loan Policy (7-1-21) with Florida modifications
- Endorsement 14 Future Advance – Priority (7-1-21) with Florida modifications
- Endorsement 14.2 Future Advance - Letter of Credit (7-1-21) with Florida modifications
- Endorsement 14.3 Future Advance - Reverse Mortgage Endorsement (7-1-21) with Florida modifications
The use of the new forms will be mandatory after a short transition period.
