CLTA Modification of Policy to Insure Two Liens on One Policy Endorsement Guideline 105


Modifies an ALTA Loan Policy to accommodate the insurance of two mortgages, each in favor of the same lender, under a single policy. Generally, this endorsement is used with a CLTA 101.8 Endorsement covering concurrent off-site and on-site deeds of trust or mortgages.

Underwriting Requirements:

(1) Care must be exercised in having the deeds of trust or mortgages recorded in their proper order of priority.
(2) Schedule A Number 4 of the policy must be set up in two subparagraphs. The first, or senior, deed of trust or mortgage must be shown in Schedule A under the first subparagraph. The second, or junior, deed of trust or mortgage would be shown in Schedule A under the second subparagraph.

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):