STG Prepayment Penalty Endorsement Guideline 1

Explanation:

This endorsement insures the priority of a mortgage securing such penalty but does not insure the enforceability of the penalty.

Underwriting Requirements:

(1) The mortgage must adequately describe or refer to the penalty.
(2) An Underwriter must approve issuance of the endorsement.

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):

STG Prepayment Penalty Endorsement 1