MI Reinstatement of Paragraph 11 Endorsement
Explanation:The Reinstatement of Paragraph 11 Endorsement is for use with the 2006 ALTA Loan Policy and is issued at the end of the construction project after the time for filing construction liens has lapsed (ie, 90 days). The endorsement reinstates Paragraph 11 of the Covered Risks and provides the Insured with a standard loan policy at the end of construction.
This endorsement may only be issued at the end of the construction project and after the time for filing construction liens has lapsed.
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.
This guideline applies to the following form(s):None