ALTA Endorsement 27 (Usury) (7-1-21)
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ALTA Endorsement 27 (Usury) (7-1-21)
ALTA 27 USURY ENDORSEMENT
This endorsement is ssued as part of
Policy Number ______________________
Issued by
STEWART TITLE GUARANTY COMPANY
File No.: ______________________ | Charge: ______________________ |
The Company insures against loss or damage sustained by the Insured by reason of the invalidity or unenforceability of the lien of the Insured Mortgage as security for the Indebtedness because the loan secured by the Insured Mortgage violates the usury law of the State where the Land is located.
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.
[Witness clause]
[Date]
STEWART TITLE GUARANTY COMPANY
By: _____________________________
[Authorized Signatory]
Copyright 2006-2024 American Land Title Association. All rights reserved. The use of ALTA Forms, ALTA Reference materials, and any derivative materials or any section of provided ALTA text is restricted to ALTA licensees and ALTA members in good standing as of the dates of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
For issuing guidelines on this form, see Guidelines.