Loan policies of title insurance have been drafted by the American Land Title Association (ALTA), the
national trade association of the title industry. These policies are accepted throughout the country.

The loan policy insures a lender that the recorded mortgage has priority except for matters shown on
Schedule B.

The insurance coverage is normally the amount of the note secured by the mortgage but may be written
for an amount in excess of the note to include potential accrued interest, foreclosure costs and/or negative

The loan policy coverage is not limited to the public records but extends to matters not discoverable in
the public records such as forgery, fraud, and errors in the records.





©2008 Akron Title & Abstract Agency, Ltd.