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OLTA ENDORSEMENTS |
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ENDORSEMENT NAME AND DESCRIPTION |
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OLTA |
ALTA |
CLTA |
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51
51.1
51.2 |
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108.7
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108.8 |
Additional advance. For increased
coverage extending to additional advance under previously
insured open-end mortgage. Use 51 on OLTA loan policies
where there are no changes in the record; use 51.1 on ALTA
loan policies; use 51.2 on OLTA policies where there are
changes in the record. |
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52 |
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100 |
ALTA Loan Policy Standard Endorsement.
Insures against present violations of restrictive covenant
and against encroachments. |
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| 52.2 |
9 |
100.2 |
Comprehensive Endorsement for Lenders. |
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53.1 |
10.1 |
104.A |
Assignment of Beneficial Interest, Form
A. Updates title for assignment of beneficial interest
in mortgage. |
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53.2 |
10 |
104.1 |
Assignment of Beneficial Interest, Form
B. Insures validity of assignment but does not update
title. |
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54 |
1 |
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Street Assessment.
Insures against loss from street assessment. |
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55 |
2 |
125 |
Truth-in-Lending.
Insures against loan's non-compliance with
Truth-in-Lending Act. |
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56
56.1 |
3
3.1 |
123.1
123.2 |
Zoning.
Insures zoning classification. |
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57 |
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111.3
111 |
Partial Release. Insures that
partial release of mortgage does not impair lien on
remainder of property. |
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58 |
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110.1 |
Elimination of Exceptions (ALTA
Lender's). For elimination of survey or construction
lien exception from ALTA Lender's policy. |
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59 |
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116 |
Location of Improvements. Insures
street address of improvements. (OLTA 116) |
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60 |
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100.5 |
Violation of Existing Setback
Provisions. Insures against enforcement of setback
provisions in restrictive covenants; for ALTA or OLTA loan
policies. |
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61
61.1 |
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100.4
103.6 |
Encroachment of Improvements.
Insures against encroachments; for ALTA or OLTA loan
policies. |
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62.1 |
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112 |
Standard Bondholder's. For use with
standard lender's policy when insured mortgage secures a
bond. |
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62.2 |
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112.2 |
ALTA Standard Bondholder's. For use
with ALTA Lender's policy when insured mortgage secures a
bond. |
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62.3 |
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119.4 |
Standard Bondholder's Coverage - Lease
of Sublease Validity. For use when insured mortgage
affects leasehold interest. |
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63
63.1
63.2 |
6
6.2 |
111.5
111.8
111.8 |
Adjustable Rate Mortgage. Insures
validity of adjustable rate mortgage. Use 63 on 1992
ALTA loan policies without provisions for negative
amortization; use 63.1 on 1992 ALTA loan policies with
provisions for negative amortization; use 63.2 on OLTA and
1970 ALTA loan policies. (OLTA form 63 is ALTA form 6;
OLTA Form 63.1 is ALTA Form 6.2) |
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64 |
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102.5 |
Foundation. Insures that foundation
location complies with restrictive covenants and does not
encroach on easements or boundary lines; for standard
Lender's policy. |
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65 |
2.13 |
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Non-Imputation. Protects owner or
lender against imputation of knowledge to it by operation
of law. |
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66 |
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110.1 |
Elimination of Exceptions. For
elimination of a policy exception. |
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67 |
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111.4 |
HUD. Insures lender and HUD that a
subsequent conveyance does not impair lien or priority of
insured mortgage; for ALTA Lender's policy. |
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68 |
3.24 |
111.11 |
Line of Credit. Extends limited
priority coverage to advances made under line-of-credit
type mortgages; for ALTA or OLTA loan policies. |
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69.1
69.2 |
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122 |
Priority of Advance. Updates title
for phased disbursements of loan proceeds; for ALTA Loan
policies. Use 69.1 for coverage against unrecorded
construction liens; use 69.2 for standard coverage. |
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70 |
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101.6 |
Statutory Construction Lien. Title
update on construction liens only; for ALTA or OLTA loan
policies. |
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71 |
4
<mod.> |
115.1 |
Condominium. Insures that
condominium is valid condominium, with related coverage;
for ALTA Lender's policy. (ALTA Form 4) |
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72 |
7 |
116.5 |
Manufactured Housing Unit. Includes
a designated manufactured housing unit within policy
definition of "land"; for ALTA or OLTA loaned
policies. |
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73.1 |
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110.5 |
Modification (OLTA Lender's).
Updates policy for modification of insured mortgage. |
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73.2 |
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110.6 |
Modification (ALTA Lender's).
Updates policy for modification of insured mortgage. |
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74 |
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116.1 |
Survey. Insures that land covered
by policy is same as land on a designated survey. |
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75 |
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116.4 |
Contiguity. Insures that designated
parcels are contiguous. |
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76 |
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Date-Down for Guarantee. |
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77 |
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Date-Down for Limited Coverage Loan
Policy. |
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78 |
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Owner's Inflation. Provides upward
adjustment of Owner's policy coverage for inflation, not
to exceed 50 percent increase. |
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79.1 |
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108.10 |
Revolving Type Loan Credit Line
Increase (OLTA Lender's). Increases policy coverage
and updates policy for modification of line of credit
mortgage. |
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79.2 |
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108.10 |
Revolving Type Loan Credit Line
Increase (ALTA Lender's). Increases policy coverage
and updates policy for modification of line of credit
mortgage. |
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80 |
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103.7 |
Access. Insures that land abuts
upon a physically open street of a specified name. |
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81 |
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Re-recording. Provides re-recording
information for insured mortgage. |
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82 |
5 |
115.2 |
Planned Unit Development. Insures
lender against present violations of restrictive covenants
and other matters pertinent to property improved through a
PUD. |
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83
83.1 |
8.1
8.1 |
110.9
110.9 |
Environmental Lien.
Insures against properly filed or recorded environmental
protection liens not excepted under Schedule B. Use 83 for
1987 ALTA loan policies; use 83.1 for 1970 ALTA loan
policies. |
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84 |
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104.6 |
Assignment
of Lease. Provides assurances regarding the validity and
priority of an assignment of leases and rents which is
given as additional security to an insured lender. |
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85 |
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Modification of Arbitration Provisions-
Lender or Owner. Modifies or eliminates arbitration
provisions of ALTA policy. |
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86 |
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HUD Assignment of Beneficial Interest.-
Lender Extended. Updates title for assignment of
beneficial interest to secretary of HUD |
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87 |
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Public
Redord Recheck- Lender or Owner. Updates policy;
limitations apply. |
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88 |
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Limited Coverage Loan Policy Credit
Line/Variable Rate.- Limitations apply. |
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89 |
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111.9 |
Balloon Mortgage.-
Lender. Provides lien priority and validity coverage in
connection with exercise of conditional right to refinance
under rider to insured mortgage. |
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90 |
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Substitute Insured- Owner. Substitutes new named
insured for specified transfers without consideration
between affiliated parties. |
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91 |
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103.6 |
No Encroachment of Easement.-
Lender Extended. Insures lender that improvements do not
encroach onto specified easements. |
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91.2 |
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103.3 |
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92 |
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104.6 |
Security Assignment of Lessor's
Interest- Lender Extended. Provides lender with
assurances regarding security assignments of lessor's
interest under specified lease. |
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93 |
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Shopping Center-
Lender or Owner. Provides assurances regarding specified
appurtenant easements under declaration of covenants,
conditions, restrictions and easements.. |
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94
94.1 |
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Tie-In.-
Lender. Aggregates liability of specified loan policies.
Use 94 for ALTA 1992 policy; use 94.1 for ALTA 1970
policy. |
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| 95 |
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DMV-
Owner. Provides lien update of policy in connection with
exempting a manufactured home from vehicle registration. |
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| 96 |
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Last Dollar.-
Lender. Modifies Paragraph 9(b) of the Conditions and
Stipulations of 1992 ALTA loan policy. |
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| 97 |
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Elimination of ALTA Loan Policy
Liability Noncumulative Provision.- Deletes Paragraph
10 of Conditions and Stipulations of 1992 ALTA loan
policy. |
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| 98 |
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Successor Insured (Fairway) Endorsement-
Owner. Provides that specified changes within a
partnership will not cause the policy to lapse and that
the policy will continue in favor of specified successors
in interest of the originally insured partnership. |
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| 99 |
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13 |
Leasehold --
Owners- Owner. Converts an owner's policy to a leasehold
owner's policy. |
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| 100 |
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13.1 |
Leasehold --
Loan- Lender. Converts a loan policy to a leasehold loan
policy. |
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| 101 |
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Elimination
of Creditor's Rights Exclusion- Lender or Owner. Not an
OLTA form but available from all insurers. |
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