CLTA Mechanic's Lien Coverage-No Notice of Completion Endorsement Guideline 101.3
Provides the lender with insurance concerning priority of the lender's lien over mechanic's liens arising out of any work or improvement under construction or completed on the secured land.
Underwriting Requirements:Underwriting Requirements:
(1) The endorsement is designed to be issued in instances when the loan is made during the course of construction, or construction has been completed and no notice of completion has been filed.
(2) If this endorsement is requested for issuance in any state, please contact the appropriate Stewart Title Guaranty underwriting personnel.
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):