Klinger, Robinson & Ford, LLP is licensed with the American Land Title Association ("ALTA"). We can use the ALTA standardized forms. Without these standardized forms, the lending process would take longer and the secondary mortgage market process would slow, making the market less fluid because there would be less money available for lenders to loan. Talk to attorneys Chad Zenisek and Phil Klinger for more information.
The ALTA Closing Protection Letter has been modified to clarify that coverage does not extend to loss arising out of federal consumer protection laws (12 USC 5481(14)), the ability to repay, truth-in-lending or other federal or state consumer protection or predatory lending laws, nor for loss arising out of laws pertaining to securitization, including exemption from credit risk retention.