Guideline: ALTA Endorsement 9.2-06 (Covenants, Conditions, and Restrictions - Improved Land - Owner's Policy) - Revised (04/02/12)

Organizational Guidelines

Guideline: ALTA Endorsement 9.2-06 (Covenants, Conditions, and Restrictions - Improved Land - Owner's Policy) - Revised (04/02/12)

Guideline Document
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Explanation:

This endorsement to the Owner's policy insures against violations of covenants and notices of violations of covenants relating to environmental protection.  It is issued on Improved land.

Endorsement 9.2-06 is issued with a 2006 ALTA Owner's Policy.

Underwriting Requirements:

(1)  Covenant(s) (covenant, condition, limitation, or restriction in a document or instrument in effect at Date of Policy).

(a)  Verify that there is no existing violation of the Covenant(s). If there is any existing violation of the Covenant(s), except to the violation in Schedule B.

(b)  Require a survey reflecting the current Improvements.  Except in Schedule B to all encroachments over building setback lines.

(2)  Notices of Violation of Environmental Covenants

If a notice of violation of a Covenant relating to environmental protection has been recorded in the real property records (the “Public Records”), except to it in Schedule B.

(3)  The ALTA Energy Project Endorsement (ALTA Endorsement 36.4-06) contains similar provisions, so the ALTA 9.2-06 endorsement is not necessary if issuing the Energy Project Endorsement and should not be issued without Senior Underwriter approval.

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.