From Emily K. Bias and Josh D. Morton
The”Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys” is a document jointly promulgated by the American Land Title Association (ALTA), symbolizing the title insurance industry, along with the National Society of Professional Surveyors (NSPS), representing skilled land surveyors, which describes the uniform minimum criteria with which surveyors must comply if preparing a survey to be used by a title insurance company with the intention of deleting the general poll exclusion from ALTA title policy forms. The very first such set of criteria was designed in 1962 and has been revised 10 times. The criteria are updated every five years and are relied on by real estate professionals, including buyers, lenders, title insurance companies and their attorneys, nationally. In October 2020, a joint committee comprising representatives of both ALTA and NSPS adopted the”2021 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys,” which will become effective on February 23, 2021. The significant changes involving the 2021 criteria as well as also the previous 2016 criteria are summarized below.