What is an Alta 8 endorsement?
ALTA has developed the 8.1 (Environmental Protection) Endorsement, which provides affirmative insurance that there are no liens recorded for the cleanup of hazardous wastes on the insured property. This coverage is extended to lenders on property used for residential purposes only.
What are standard Alta endorsements?
The most commonly used forms for commercial properties are those promulgated by the American Land Title Association (ALTA), a nationwide title insurance industry group. Endorsements provide coverage that tailors the policy to fit the needs of the insured for a specific transaction.
What title insurance endorsements are available in Florida?
Looking At Florida Title Insurance Endorsements
| Endorsement | Policies Issued With | Underwriting Approval Required |
|---|---|---|
| ALTA 7-06 | Loan & Owner | No |
| ALTA 8.1-06 | Loan | No |
| ALTA 9-06 | Loan | No 9.3-06 is also available |
| ALTA 9.1-069.2-06 & 9.5-06 | Owner | No 9.1-06 Unimproved Land 9.2-06 Improved Land 9.5-06 Improved Land |
What is an ALTA 33 endorsement?
Explanation: ALTA Endorsement 33-06 (Disbursement) (02-03-11) is designed to be issued in conjunction with a construction loan disbursement during a construction project. ALTA Endorsement 33-06 (Disbursement) (02-03-11) is designed to be used with ALTA Construction Loan Endorsements 32, 32.1 and 32.2.
What is a solar endorsement?
Solar companies are recording a document entitled Subordination and Nondisturbance Agreement that attempts to make it clear that their solar installation is personal property and survives a foreclosure and remains owned by the solar leasing company.
What is the Alta 8.1 06?
Endorsement 8.1-06 is available only for loan policies that cover residential property and requires a customary search of the land records. Endorsement 8.2-06, on the other hand, is available for loan or owner policies, applies only to commercial property, and necessitates no additional underwriting requirements.
What is Title endorsement fee Florida?
Florida Form 9 and Navigational Servitude endorsements are both charged as follows: 10% of the owner’s and loan policies premiums added together.
What is a comprehensive title endorsement?
The Comprehensive Endorsement, also known as ALTA 9 coverage, contains different insuring provisions. ALTA 9 endorsement provides coverage over what are called Covenants, Conditions and Restrictions (“CCRs”). CCRs can be found in the Plat of Subdivision or in the first deed from the time the subdivision was created.