CLTA Mechanic's Lien Coverage Endorsement Guideline 101.6
Provides insurance to a lender, limited to the liability amount stated in the policy, that a notice of completion has been recorded on the property and that no mechanic's liens are of record other than those set out in the endorsements.
Underwriting Requirements:Underwriting Requirements:
(1) The appropriate Stewart Title Guaranty underwriting personnel must be consulted if the statutory period for the filing of mechanic's liens has not expired at the time the endorsement is to be issued.
(2) This endorsement is utilized when the prior policy was an ALTA loan or construction loan policy or a CLTA policy with a CLTA 101 Endorsement
(3) This guideline is for California property. The appropriate Stewart Title Guaranty underwriting personnel must be contacted prior to issuance in other states.
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):