CLTA Mechanic's Lien Coverage Endorsement Guideline 101.8
Provides the standard coverage offsite lender with insurance concerning the priority of the lender's lien over mechanic's liens.
Underwriting Requirements:Underwriting Requirements:
(1) The subject property must be inspected as close as possible to the time of recording in order to confirm that the work has not commenced and that no materials have been delivered to the site.
(2) An indemnity acceptable to Stewart Title Guaranty underwriting personnel has been received.
(3) This guideline is for California property. The appropriate Stewart Title Guaranty underwriting personnel must be contacted prior to issuance in other states.
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.
This guideline applies to the following form(s):