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NY TIRSA Variable Rate Mortgage-Negative Amortization Endorsement Guideline 6.2

NY TIRSA Variable Rate Mortgage-Negative Amortization Endorsement Guideline 6.2

Explanation:

Purpose Of Endorsement:

This endorsement insures the lender against invalidity, unenforceability or loss of priority of the lien of the insured mortgage, based on the provisions providing for changes of interest rate and/or negative amortization, exclusive of usury or consumer credit pro...

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