What is a Clta endorsement?

(8) Paragraph 4 of the CLTA 100 Endorsement insures the lender against the forceable removal of any existing improvements on subject property which encroach onto adjoining property.

What is the 100 endorsement?

Endorsements. Endorsement Form 100 when attached to an ALTA Loan Policy, additionally provides the lender with specific insurance against the following: (1) That no covenants, conditions or restrictions exist under which the lien of the insured mortgage can be cut off subordinated or otherwise impaired.

What is an Alta 35?

The ALTA 35 endorsements are the Minerals and Other Subsurface Substances series, and the ALTA 35.3 specifically provides insurance against damage sustained by the insured by reason of the enforced removal or alteration of an improvement or future improvement that results from the future exercise of any right existing …

What is Alta 32?

ALTA 32 insures only to the extent that the charges for the services, labor, materials, or equipment for which the Mechanic’s Lien is claimed were designated for payment in the documents supporting a Construction Loan Advance disbursed by or on behalf of the Insured on or before Date of Coverage.

What is a Access endorsement?

Access and Entry Endorsement This endorsement, when affixed to a title insurance policy, provides assurances that the land abuts and has both vehicular and pedestrian access to a physically open and publicly maintained road, together with the right to use existing curb cuts to access same.

What is an Alta 5.1-06 endorsement?

ALTA Endorsement 5.1-06 insures against any charges or assessments in favor of any homeowners association that are provided for in any document referred to in Schedule B, due and unpaid at Date of Policy.

What is Alta 33?

ALTA 33 Endorsement – Disbursement It is intended for use with improved or unimproved commercial or residential property and issued against loan policies alone. It protects against the indebtedness arising due to construction loan advances occurring after the date of the policy.

What is an Alta 32 06?

The ALTA 32-06 endorsement provides coverage only to the extent that the charges for the services and/or materials rendered were designated for payment in the documents supporting a Construction Loan Advance disbursed by or on behalf of the Insured on or before the Date of Coverage.

Categories: Common