Under the Torrens System in Alberta, if an error is made by the Registrar of Titles resulting in a loss of interest for a registered owner, what mechanism is in place to compensate the affected party?

Question: Under the Torrens System in Alberta, if an error is made by the Registrar of Titles resulting in a loss of interest for a registered owner, what mechanism is in place to compensate the affected party?

Answer options: ✅ The Land Titles Assurance Fund.

• A claim against the Registrar personally.
• Compulsory purchase by the provincial government.
• A private insurance policy held by the property owner.

Correct answer: The Land Titles Assurance Fund.

Explanation: The Land Titles Assurance Fund, established under the Land Titles Act (Alberta), provides a mechanism for compensating individuals who suffer losses due to errors or omissions made by the Registrar of Titles, or situations where an indefeasible title was granted to someone unjustly, operating as a governmental guarantee of the registry's accuracy.