Guideline: ALTA Junior Loan Policy 1996 (Short Form Residential Limited Coverage)
Explanation:This form shortens the Policy by incorporating the Insuring Provisions, Exclusions From Coverage, and Conditions and Stipulations and by containing the Insert (or Schedule) information on the same page.
Underwriting Requirements:You issue this Policy based on the same requirements and search as you use for the ALTA Residential Limited Coverage Junior Loan Policy. If you do not have enough room on the form for the Exceptions, you may mark the line which states "________ Addendum containing additional exceptions attached" and then add the Exceptions to an Addendum.
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):