VA Affirmative Mechanic's Lien Coverage Request for Approval (Construction Loan)
AFFIRMATIVE MECHANIC'S LIEN COVERAGE
REQUEST FOR APPROVAL
Date: _____________ Agent: __________________________________ Fax No. ________________
Lender: ______________________________________Loan Amount: ________________________
General Contractor: ________________________________________________________________
WILL SITE BE MLA POSTED? ______________
If So, You Need Only Submit the Lender’s Loan Commitment with This Request.
(NOTE: Commercial property is not subject to MLA posting.)
IF THE SITE IS NOT MLA POSTED YOU MUST SUBMIT THE FOLLOWING
TO STGC PRIOR TO CLOSING:
1. Financials for borrower (loan application is acceptable)/guarantors/general contractor, unless known to you and known to be stable.
2. Loan commitment/agreement
3. Title search or title commitment, including judgment/lien search on general contractor and borrower
FOR A NON-POSTED SITE, YOU MUST OBTAIN AND RETAIN IN YOUR FILE THE FOLLOWING:
1. List of subcontractors/suppliers with phone numbers.
2. Lien waivers at each draw from subs and suppliers.
No guidelines are available for this form at this time.