VARIABLE RATE MORTGAGE ENDORSEMENT
(Bahamas – Version August 2022)
ISSUED BY STEWART TITLE LIMITED (the “Company”)
Agent’s File No.:__________________________________
Endorsement to Policy No.: _________________________________
Date of Issuance: _________________________________
The Company insures against loss or damage sustained by the Insured by reason of:
This endorsement does not insure against loss or damage based upon (a) usury, or (b) any consumer credit protection or truth in lending law.
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.
This endorsement is only valid when it bears an authorized Stewart agent countersignature.
Countersigned by Authorized Stewart Agent:
_____________________________________
Authorized Signatory of Agent
Agent: _____________________________________
Address: ___________________________________
Issuing Guidelines: This endorsement is designed for use with a Loan Policy. It may be issued upon confirmation that the loan has a variable rate of interest. Underwriter pre-approval is required before offering this endorsement.
No guidelines are available for this form at this time.