ALTA Best Practices

TLTA’s goal is to provide you with the best tools and resources that you need in this ever changing marketplace. As you know, as a result of increased regulatory oversight by CFPB and other banking regulators, lenders have increased their requirements on settlement agents. As a result, ALTA has created a set of Best Practices that can help you demonstrate to lenders that you are doing what is needed to keep transactions safe and secure.

To assist you in preparing your Best Practices Compliance package, TLTA is providing the folllowing statement that you can use in your ALTA Best Practices Compliance Materials. We hope this will be a helpful tool to you.

ALTA’s Title Insurance and Settlement Company Best Practices 
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“Texas Title Insurance has a long history of extensive regulatory safeguards that protect the real estate transaction. We take pride in that system and the stability and security it has provided over the years. The ALTA Best Practices program provides Texas title agents with a way to not only demonstrate they are compliant with those Texas Department of Insurance regulations, but also to highlight the additional ways their companies are making the transaction safe, secure and efficient,” Texas Land Title Association.

TLTA recently presented a seminar on Best Practices entitled, “Understanding and Complying with Best Practices." It is available in our on demand library, so to learn more, click here.

Links About Best Practices
New story in Journal of Accountancy regarding AICPA ((American Institute of Certified Public Accountants) issuing new technical questions and answers to provide nonauthoritative guidance to practitioners in connection with the “Best Practices” framework of the American Land Title Association (ALTA).
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AICPA Technical Questions and Answers on the ALTA Best Practices:
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Education
TLTA Best Practices On-Demand Webinar