A "recent" survey acceptable to the title insurer is required for deletion of the survey exception. A "recent" survey is defined by the Title Insurance Regulations.  Generally, a "recent" survey is a survey certified within the last six (6) months.  The general types of surveys used in New Mexico are: (1) ALTA/ASCM survey; (2) New Mexico boundary survey; and, (3) Improvement Location Report ("ILR"), used primarily for deletion of the survey exception on a loan policy.  Usually, the survey exception is simply amended to read "Shortages in area".

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Related Bulletins: None.