Organizational Guidelines
American Land Title Association California Land Title Association Stewart Title GuarantySTG Clogging Endorsement (Option Invalidity) Guideline 1
Explanation:
This endorsement is to be issued only in conjunction with the Loan Policy. It relates to the effect of an option in favor of the lender and whether the option constitutes a clog on the equity of the borrower to redeem its mortgage.Underwriting Requirements:
(1) A Senior Underwriter...Unlock tools and resources designed exclusively for title professionals. Access bulletins, underwriting manuals, and state-specific guidance, all in one place.
Any revision to this form requires approval of a Stewart Title Guaranty Company underwriter. 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.