Guideline: ALTA Endorsement 22 and 22-06 (Location)

Explanation:

This endorsement to a Loan or Owner's Policy insures that a designated improvement is located on the land and the improvement is known as a particular street address.

Endorsement 22 is issued with a 1992 ALTA Loan or Owner's Policy. Endorsement 22-06 is issued with a 2006 ALTA Loan or Owner's Policy.

Underwriting Requirements:

(1) Refer to the principal or basic improvement on the land (e.g. a residence, an apartment building, an office building), and do not mention additional structures such as pools.

(2) Do not mention other details about the improvements, such as square footage, number of floors or quality of improvement.

(3) Determine the address and improvements by review of survey, inspection, or other reasonable and objective means that clearly establishes the improvements and address. Do not rely solely on a representation by a party to the transaction, such as the borrower or seller.

The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.

Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.

This guideline applies to the following form(s):

ALTA Endorsement 22 (Location)

ALTA Endorsement 22-06 (Location)