Underwriting Manual: TX
5.04
Endorsements
Underwriting Manuals
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Standard Exceptions
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Bulletins
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Forms
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View state supplements to the national underwriting manual.
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5.04.1
In General
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An endorsement is an amendment or addition to a title insurance policy. Endorsements cannot be issued except in connection with a title insurance policy. Endorsements increase the liability of the Company under the policy. Only the Company or its licensed Texas agent can issue an endorsement to the Company's policies.
The use of endorsements and the forms of endorsements are regulated in Texas. Only promulgated form can be used and many of the promulgated endorsements carry a promulgated premium.
ALTA vs Texas Endorsement Chart
| ENDORSEMENT CROSS-REFERENCE | |||||
| Endorsement Name | Texas Equivalent | Premium | |||
| ALTA Form 5 Series Planned Unit Development | T-17 | $25 | |||
| ALTA Form 6 SeriesVariable Rate Mortgage | T-33 | $20 | |||
| ALTA Form 6.2 Series-Variable Rate, Negative Ammortization | T-33.1 and issue MTP for 125% of loan amount | $20 | |||
| ALTA Form 7 Series-Manufactured Housing | T-31; T-31.1 | $20 (T-31); $50 (T-31.1) | |||
| ALTA Form 8.1 Series-Environmental Protection | T-36 | $25 | |||
| ALTA Form 9 Series -Restrictions, Encroachments, Minerals | T-19 | 5% Basic Rate (Residential) w/$50 minimum; 10% Basic Rate (Non-residential) w/$50minimum | |||
| ALTA Form 9.1Series | T-19.1 (non-res only) | 15% Basic Rate w/$25 minimum | |||
| no equivilant | T-19.2 | No charge for loan policy; $50 for Owners policy. | w/general mineral exception | ||
| no equivilant | T-19.3 | No charge for loan policy; $50 for Owners policy. | w/general mineral exception | ||
| ALTA Form 10 Series-Assignment of Lien | T-3 | Minimum Basic Rate | |||
| ALTA Form 11 Series-Modification | T-38 | $100 plus $10 for each 12 mo period following date of policy anniversary | |||
| ALTA Form 12-06 SeriesAggregation | T-16 | $25 | |||
| ALTA Form 13-06 SeriesLeasehold Owner | T-4 | No charge | |||
| ALTA Form 13.1-06 Series-Leasehold Loan Policy | T-5 | No charge | |||
| ALTA Form 14A-06 SeriesFuture Advances | T-3 | $50 | |||
| ALTA Form 15-06 SeriesNon-imputation | T-24 (non-res only) | 5% Basic Rate w/$25 minimum | |||
| Non-imputation Mezanine Financing16-06 Series | T-24.1 | $25.00 | |||
| ALTA Form 17-SeriesAccess and Entry | T-23 (non-res only) | $100 | |||
| ALTA Form 19; 19.1-Contiguity | T-25 (non-res only) | $100 | |||
| Multiparcel Contiguity 19-06 Series | T-25.1 | $100 per policy | |||
| CLTA Form 100-Comprehensive | T-19 | 5% Basic Rate (Residential) w/$25 minimum; 10% Basic Rate (Non-residential) w/$25 minimum | |||
| CLTA Form 108.1-Revolving Credit | T-35 | $50 | |||
| CLTA Form 111.9-FNMA Balloon Mortgage | T-39 | $25 at issuance; $50 post policy | |||
| CLTA Form 115.2 | T-17 | $25 | |||
| CLTA Form 116.4 | T-25 (non-res only) | $100 | |||
| Access Form 17 Series | T-23 (non-res only) | $100 | |||
| Contiguity Form 19 Series | T-25 (non-res only) | $100 | |||
| First Loss 20.06 | T-14 (non-res only) | $25 | |||
| withdrawn 2-1-10 as unnecessary | |||||
| Non-imputation | T-24 (non-res only) | 5% Basic Rate w/$25 minimum | |||
| Non-imputation- mezzanine financing | T-24.1 (non-re only) | 5% Basic Rate w/$25 minimum | |||
| Mortgage Policy Aggregation | T-16 | $25 | |||
| Additional Insured (family trusts & pshps) | T-26 (OTP) all property types | 10% of Basic Premium | |||
| Home Equity Loans | T-42 (mandatory) & T-42.1 | T-42 (10% of Premium); T-42.1 (15%) | |||
| Reverse Mortgage | T-43 | none | |||
| Revolving Credit | T-35 | $50 | |||
| Tax Deletion | T-30 | $20 | |||
| Modification of Loan (no new lien or money) | T-38 | $100 for first year/$10 for each additional year or part of a year | |||
| Assignment of Rents/Leases | T-27 | none | |||
| Condominium ALTA 4.06 | T-28 | none | |||
| Texas Limited Coverage Chain of Title No Alta | $15.00 for $100 policy amount | ||||
| Co-insurance 23.06 | T-48 | none | |||
| revised 1-1-2012 | |||||