ALTA Endorsement 27 (Usury) (7-1-21)

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ALTA Endorsement 27 (Usury) (7-1-21)

Confirm with your local underwriter whether or not any modifications of this form are allowed.

Form Document
08/16/2021
V 13

ALTA 27 USURY ENDORSEMENT

This endorsement is ssued as part of
Policy Number
______________________

Issued by

STEWART TITLE GUARANTY COMPANY

 

File No.: ______________________

Charge: ______________________

 

The Company insures against loss or damage sustained by the Insured by reason of the invalidity or unenforceability of the lien of the Insured Mortgage as security for the Indebtedness because the loan secured by the Insured Mortgage violates the usury law of the State where the Land is located.

 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

[Witness clause]

[Date]

STEWART TITLE GUARANTY COMPANY

 

By: _____________________________
        [Authorized Signatory]

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For issuing guidelines on this form, see Guidelines.