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Guideline: ALTA Endorsement 14.2 (Future Advance - Letter of Credit) W and WO MML

Organizational Guidelines
American Land Title Association California Land Title Association Stewart Title Guaranty

Guideline: ALTA Endorsement 14.2 (Future Advance - Letter of Credit) W and WO MML

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Explanation:

This endorsement is designed for insurance of a mortgage securing a letter of credit or letter of credit reimbursement agreement.

This endorsement insures against loss or damage sustained by the Insured by reason of: (1) invalidity or unenforceability of the insured mortgage as security...

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.