STG Doing Business Endorsement 1
This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.
DOING BUSINESS ENDORSEMENT
Attached to and Forming a Part of
Loan Policy No. _________
STEWART TITLE GUARANTY COMPANY
Except as provided hereafter, the Company hereby insures the named Insured at Date of Policy against loss or damage which said Insured shall sustain by reason of the entry of any court order or judgment which constitutes a final determination and denies the right to enforce the lien of the mortgage referred to in Schedule A on the ground that making the loan secured thereby constituted a violation of Section _________ of the _____________ Statutes (for purposes of this Endorsement, the "Corporate Doing Business Law") in effect at Date of Policy.
This Endorsement does not insure against loss or damage if (1) violation of the Corporate Doing Business Law is the result of other transactions, if any, by said Insured within the state, or (2) said Insured maintains an office or place of business in the state, or (3) the loan is negotiated in the State.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
This Endorsement is made a part of the Policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly state, it neither modifies any of the terms and provisions of the Policy and any prior endorsements, nor does it extend the Effective Date of the Policy and any prior endorsements, nor does it increase the face amount thereof.
[Witness clause optional]
For issuing guidelines on this form, see Guidelines