VA Affirmative Mechanic's Lien Coverage Request for Approval (Construction Loan)

AFFIRMATIVE MECHANIC'S LIEN COVERAGE
REQUEST FOR APPROVAL
(CONSTRUCTION LOAN)

Date: _____________ Agent: __________________________________ Fax No. ________________

Legal: ____________________________________________________________________________

Lender: ______________________________________Loan Amount: ________________________

Borrower: ________________________________________________________________________

Guarantors:   ______________________________________________________________________

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.