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NY TIRSA Leasehold Endorsement for ALTA Loan Policy Guideline 1996

NY TIRSA Leasehold Endorsement for ALTA Loan Policy Guideline 1996

Explanation:

Purpose Of Endorsement:

To amend the 1992 ALTA forms of title insurance policy to permit the insurance of leasehold interests and mortgages secured by leasehold interests.

(a) Policy conditions and stipulations Section 1 is amended to add a subparagraph (h) which defines “leasehold estat...

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