STG Mechanic's Lien Endorsement (Loan Policy) Guideline 2
Explanation:These endorsements alter the insuring provisions concerning mechanic's liens and provide insurance of priority.
Underwriting Requirements:(1) An Underwriter must approve issuance of these endorsements.
(2) Considerations must include satisfactory indemnity, disbursement procedure, priority under state law based on the facts, or satisfaction that all bills have been paid.
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):