ALTA Best Practice 1: Licensing

Best Practice:  Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.
 
Purpose:  Maintaining state mandated insurance licenses and corporate registrations (as applicable) helps ensure the company remains in good standing with the state.
 
Procedures to meet this best practice:
 

1. Establish and maintain applicable business License(s).
2. Establish and maintain compliance with licensing, registration, or similar requirements with the applicable state regulatory department or agency.
3. Establish and maintain appropriate compliance with ALTA’s Policy Forms Licensing requirement.

 
(Source: American Land Title Association)
 
For additional resources to help you adhere to the Best Practices, please visit the Best Practices section of the AgentLink site.

• BP 1 Licensing
• BP 2 Escrow/Accounting
• BP 3 Nonpublic Information
• BP 4 Pricing/Recording
• BP 5 Deliver/Remit
• BP 6 E&O/Bonds
• BP 7 Consumer Complaints
• BP Certified

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