Title 101: Making Sense of Title Insurance in Commercial Transactions

45 DC – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE NCS DC | MD CHICAGO TITLE INSURANCE COMPANY COMMITMENT NO. SampleDCACC SCHEDULE B, PART I - Requirements (continued) This page is only a part of a 2021 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; Schedule B, Part II-Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance w-DC Mod (07/01/2021) Printed: 11.09.23 @ 06:03 PM Page 8 DC-CT-FA61-02100.141018-SPS-1-23-SampleDCACC A. ALTA 3 Zoning (unimproved land) or ALTA 3.1 Zoning (improved land) [owner and loan] or ALTA 3.2 (receipt of acceptable zoning opinion and/or compliance letter); ALTA 3-21ALTA 3.1-21ALTA 3.2-21 B. ALTA 4.1 Condominium Endorsement (applies only to condominium units insured in Schedule A; requires review of condominium documents and verification of payment of any current or past due condominium assessments); ALTA 4.1-21 C. ALTA 6 Variable Rate or ALTA 6.2 Negative Amortization [loan only] (review of loan documents); ALTA 6-21ALTA 6.2-21 D. ALTA 8.1 Environmental [loan only] or ALTA 8.2-06 Commercial Environmental [owner only] (none); ALTA 8.1-21ALTA 8.2-06 E. ALTA 9, ALTA 9.1 (owners), ALTA 9.2 (owners), ALTA 9.3-06 [loan only] (receipt of acceptable ALTA/NSPS survey); ALTA 9ALTA 9.1ALTA 9.2ALTA 9.3-06 F. ALTA 9.6, ALTA 9.7, ALTA 9.8 (receipt of acceptable ALTA/NSPS survey); ALTA 9.6ALTA 9.7ALTA 9.8 G. ALTA 10 Assignment [loan only with no date-down] or ALTA 10.1 Assignment and Date Down [loan only] (review of mortgage assignment document and title update if ALTA 10.1); ALTA 10-21ALTA 10.1-21 H. ALTA 11 Mortgage Modification [loan only] (review of modification documents and update of title); ALTA 11-21 I. ALTA 13-06 Leasehold [owner] or ALTA 13.1-06 [loan] (review of insured lease); ALTA 13-06ALTA 13.1-06 J. ALTA 14.1 Future Advance [loan only] (review of loan documents and state law to determine appropriate form); ALTA 14.1-21 Chicago Title NCS DC l MD Page 75

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