CLTA Bondholder Endorsement Guideline 112
Explanation:This endorsement amends a Standard Coverage Loan Policy, at the time of policy issuance, to provide insurance for the trustee and the bondholders under a deed of trust or trust indenture given to secure bonds rather than a promissory note.
Underwriting Requirements:(1) The CLTA 112 Endorsement and policy should not be issued until the bonds have been sold and delivered to the bondholders.
(2) A title search must be made up until the time of the sale and delivery of the bonds for any liens which would change the status of the title.
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):