Guideline: ALTA Addendum to 2012 Short Form Residential Loan Policy

Explanation:

This Addendum to the 2012 Short Form Residential Loan Policy clarifies the definitions for “State” and “Tribe”.  It also modifies the Choice of Law and Choice of Forum provisions in Condition 16.  Exclusions related to Public Records and the reference of an Insured Mortgage to State law are included in Paragraph 3 of the Endorsement. 

The ALTA Short Form Residential Loan Policy (12-03-12) is issued to a lender making a loan secured by a one-to-four family residential property or condominium.

Underwriting Requirements:

This endorsement requires the 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.