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NY TIRSA First Loss Endorsement Guideline 1995

NY TIRSA First Loss Endorsement Guideline 1995

Explanation:

Purpose Of Endorsement:

Where claim(s) due to a loss or a series of losses exceeds 10% of the insurance amount, Company becomes liable to pay on the policy (subject to subrogation rights) without the Company requiring acceleration of the entire mortgage debt or foreclosure against all of...

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):
  • None