Page 178 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

ALTA 28.3-06

Encroachments - Boundaries and Easements - Land Under Development

The ALTA 28.3 is intended for use in those instances in which we are provided plans and drawings
clearly depicting improvements to be constructed on the land in the future. The endorsement adds
two additional definitions not included in the ALTA 28.2 endorsement. The definition of “Future

Improvement” is expanded to include a building area, structure, or paved area to be constructed on
the Land after the Date of Policy. “Plans” are defined as: a survey, site and elevation plans or other

depictions or drawings prepared by a named architect or engineer as of a particular date bearing
a described project name or number and consisting of a defined number of pages. The substantive
coverage in the endorsement is identical to that in the ALTA 28.2 endorsement with respect to

existing improvements. The ALTA 28.3 expands coverage to future improvements to be constructed
according to the plans and specifications provided. This endorsement is available for owner’s and

loan policies.

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