CLTA Bondholder Endorsement Guideline 112.2
Explanation:This endorsement amends a Standard Coverage Loan Policy's Conditions and Stipulations to provide insurance for a deed of trust given to secure revenue bonds.
Underwriting Requirements:(1) The CLTA 112.2 Endorsement differs from the CLTA 112 Endorsement because it is designed for use where the bonds are a lien, not on the title, but on the revenue, or rent, produced from the land.
(2) Approval to issue this endorsement must be obtained from the appropriate Stewart Title Guaranty underwriting personnel.
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):