Examples of CLTA in a sentence
The CLTA policy is issued to the homebuyer and protects them against failure of title based on public records and against such unrecorded risks as forgery of a deed.
The escrow/title company shall review the escrow instruction provided by the Program lender and shall issue a California Land Title Association (CLTA) and the American Land Title Association (ALTA) after closing.
The ALTA loan policy, when issued, will contain the CLTA 100 Endorsement and 116 series Endorsement.
Upon Close of Escrow, Buyer shall cause Escrow Holder to issue a CLTA extended coverage owner’s policy of title insurance, or, at Buyer’s election, an ALTA owner’s policy of title insurance, in the amount of the Purchase Price, insuring that title to the Property is vested in Buyer.
At the close of escrow, Contractor shall obtain a CLTA policy of title insurance in an amount not less than the face value of the Note, clear of any title defects which would prevent the operation of the proposed Project.