For immediate release
ATB Financial to accept TitlePLUS® title insurance on mortgage transactions
May 17, 2007: Alberta consumers who secure mortgages through ATB Financial now have the
option of better protecting their property by securing a TitlePLUS title insurance policy at the
time of their ATB Financial mortgage transaction.
Starting immediately, ATB Financial will accept a TitlePLUS title insurance policy in support of
closing and reporting on title by lawyers when advancing mortgage funds to consumers who are
either purchasing a home or refinancing an existing mortgage.
The move means ATB Financial customers who are buying residential property or refinancing a
mortgage secured against a house or condominium, now also have access to the comprehensive
protection offered by TitlePLUS insurance. Specifically they would have coverage for the title-
related problems that could affect the ownership or marketability of the property in the future,
and the legal services provided by the lawyer closing the transaction.
ATB Financial customers interested in securing TitlePLUS coverage should consult their real
TitlePLUS title insurance also insures against many of the risks that normally would be beyond
the scope of the lawyer’s opinion, such as fraud, forgery, survey errors, the absence of an up-to-
date Real Property Report and errors made by governments. For many homeowners concerned
about the increased incidence of mortgage and title frauds, the TitlePLUS program also provides
fraud coverage, an increasingly attractive option.
If a problem with title surfaces after the deal has closed, or if it is discovered that the lawyer
made an error or omission for which there is liability, TitlePLUS insurance either:
• pays to rectify the problem (for example, moving a garage off a neighbour’s property line),
• compensates the appropriate parties for up to the full value of the title insurance policy. 1
“We are extremely pleased to be working