LA ALTA Endorsement 18 (Single Tax Parcel)
Explanation:The ALTA Endorsement 18 (Single Tax Parcel) to the Owner's or Loan Policy is issued if the land consists only of one parcel. It insures against loss if the land is taxed as part of a larger parcel or fails to constitute a separate tax parcel.
The underwriting requirements are as follows:
- Verify by review of tax records or tax search that the land, consisting of one parcel, is taxed as a separate tax parcel.
- Verify by review of tax records or tax search that the land is not taxed with other land.
- You do not need to add the tax parcel number to the endorsement; the endorsement contains no blanks to be filled.
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