NM Same as Survey Endorsement Guideline 53
Explanation:This endorsement insures that the description of the land shown in Schedule A is the same as the land shown on the mentioned survey. The title insurance agent attaches a copy of that survey to the endorsement. This endorsement may be attached to Owner's or Loan Policies. It may not be attached to policies insuring residential property containing four or fewer dwelling units.[220.127.116.11 NMAC] The premium is $25 for each endorsement. [18.104.22.168 NMAC]
Underwriting Requirements:You may issue this Endorsement if you receive a survey of the land, and based on a review of the land shown on the survey and the description of the land you are insuring, you determine that the description of the land in your policy is identical to the land shown on the survey. If the survey that you attach to the endorsement shows the acreage or square footage, you should mark out that number. (Compare CLTA Form 116.1.)
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):None