December 13, 2010
NSPS and ALTA Boards Approve 2011 ALTA/ACSM Land Title Survey Standards
The Board of Directors of the National Society of Professional Surveyors approved the new 2011 Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys during its meeting in Orlando on November 15th. The new requirements were previously approved by the Board of Governors of the American Land Title Association at its October 13th meeting in San Diego.
The 2011 Minimum Standards represent the latest and 8th version of the Standards which were last revised in 2005. It is also the first major rewrite of the Standards since their initial adoption in 1962. The new Standards will become effective on February 23, 2011, at which time all previous versions will be superseded.
The ALTA/ACSM Standards are nationally recognized by title companies, surveyors, lenders and attorneys as the survey standard to rely upon in conveyances of real property when extended title insurance coverage is required by one or more of the parties.
The final, approved version of the 2011 Standards may be downloaded from the ACSM Web site at www.acsm.net under the “Standards” section, or from the ALTA Web site at www.alta.org/forms under the "Recently Approved for Final Publication” section.
One of the most important things is the phrase "....at which time all previous versions will be superseded."
After the stated deadline, the title companies are going to be faxing and e-mailing old specs to you.....DON'T accept them. It's not an ALTA/ACSM Land Title Survey unless it conforms to the CURRENT spec.
