Lenders request ALTA, CLTA and/or special endorsements to provide insurance against matters excluded or excepted from coverage. The American Land Title Association (ALTA) endorsements Lenders frequently request in relation to the ALTA Loan Policy of Title Insurance are:
In addition, Lenders’ request “deletion of arbitration clause endorsement (SE-93).”
As Lender’s counsel on limited occasions, on behalf of Lenders we request individualized endorsements to meet the insured lender’s special needs in relation to a loan transaction.
Simantob Law Group is a law firm of business attorneys and real estate lawyers. We have represented the business and real estate legal needs of individuals and companies, from start-ups to regional and national US corporations for over 20 years. Please contact us at 310.281.0041 or complete our online contact form to discuss your legal guidance/documentation needs.