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New Survey Coverage
Chicago Bull

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For a number of years it has been the practice of Chicago Title to provide survey coverage for loan policies on one to four family subdivided residential properties without requiring an updated survey or if no survey was available, without a survey. We are now extending this practice to include residential tracts under 25 acres and commercial transactions under 5 million dollars.

Chicago Title direct offices and agents will provide survey coverage on such loan policies without requiring an updated survey or a new survey. This coverage can include issuance of the ALTA Form 9 endorsement or CLTA Form 100 Endorsement without requiring a new survey.

Notwithstanding this general practice, we will take exceptions for unrecorded easements or encroachments, etc. which we find through other means such as prior policies, surveys or from the parties to the transaction.

Please note that this new practice will not be applied to any owners' policies or to loan policies insuring construction loans.

We hope this new practice will help you to better serve your clients.

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