Guideline: ALTA Endorsement 18.3-06 (Single Tax Parcel and ID) (12-01-18)

Organizational Guidelines

Guideline: ALTA Endorsement 18.3-06 (Single Tax Parcel and ID) (12-01-18)

Guideline Document
03/01/2019
V 1

Explanation:

This endorsement to the Owner's or Loan Policy is issued if the Land consists of only one tax parcel.  It insures against loss if: (1) the Land is taxed as part of a larger parcel of land or if the Land fails to constitute a separate tax parcel for real estate taxes; or (2) any portion of the Land is not being assessed for real estate taxes under the specified tax identification number.

Underwriting Requirements:

1. Verify by review of tax records or tax search that the Land, consisting of one parcel, is taxed as a separate tax parcel.

2. Verify by review of tax records or tax search that the Land is not taxed with other land.

3. Insert the Tax Identification Number for the parcel in paragraph 2 of the endorsement.

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.