FNTIC ALTA Policy Comparisons

ALTA OWNER’S POLICY COMPARISON CHART This comparison chart is intended as a guide to identifying differences between the 2021 and 2006 ALTA policies. It should not be relied upon for the interpretation of these policies. Updated 04-15-2021 ALTA OWNER’S POLICY COMPARISON CHART Page | 4 2006 ALTA OWNER’S POLICY 2021 ALTA OWNER’S POLICY COMPARISON (v. 07-30-2021) COMMENTS (i) to be timely, or (i). to be timely record the instrument vesting the Title in the Public Records after execution and delivery of the instrument to the Insured;, or SIMILAR. The 2021 ALTA policies clarify the commonly understood meaning of “failure of its recording … to be timely”. (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. (ii). of the recording of the instrument vesting the Title in the Public Records to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. SIMILAR. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to the Date of Policy and prior to the recording of the deed or other instrument of transfer vesting the Title in the Public Records that vests Title as shown in Schedule A. SAME. DEFENSE OF COVERED CLAIMS SAME. This is a new heading, but the coverage remains the same. The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this Policypolicy, but only to the extent provided in the Conditions. SAME. [Witness clause optional] [ Witness clause optional ] SAME. BLANK TITLE INSURANCE COMPANY BY: PRESIDENT BY: SECRETARY BLANK TITLE INSURANCE COMPANY ByBY: _______________________________ PRESIDENT [Authorized Signatory] ByBY: _______________________________ SECRETARY[Authorized Signatory] SAME. EXCLUSIONS FROM COVERAGE EXCLUSIONS FROM COVERAGE SAME. The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees, or expenses that arise by reason of: The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees, or expenses that arise by reason of: SAME. 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to 1. (a). aAny law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restrictsing, regulatesing, prohibitsing, or relatesing to: SAME. (i) the occupancy, use, or enjoyment of the Land; (i). the occupancy, use, or enjoyment of the Land; SAME. (ii) the character, dimensions, or location of any improvement erected on the Land; (ii). the character, dimensions, or location of any improvement erected on the Land; SAME. (iii) the subdivision of land; or (iii). the subdivision of land; or SAME. (iv) environmental protection; (iv). environmental remediation or protection;. CLARIFICATION. or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. SAME. This provision has been moved to the end of the Exclusion. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. (b). aAny governmental forfeiture, police, regulatory, or national security power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. SIMILAR. The 2021 ALTA Owner’s Policy adds “forfeiture,” “regulatory,” and “national security” power for clarification c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. SAME. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6. SAME.