Examples of Date Down Endorsement in a sentence
Continuation of coverage could be provided by an ALTA Limited Pre-Foreclosure Policy Date Down Endorsement.
ER-108 Date Down Endorsement (Loan Policy)If a Date Down Endorsement, subject to its terms, conditions and exclusions, insures the Insured under the originally issued Title Insurance Policy against loss or damage occurring or discovered subsequent to the date of the policy up to and including the date of the Date Down Endorsement, then the Rate for the Date Down Endorsement shall be fifty cents ($0.50) per thousand on the unpaid balance.
When the Short Form Title policy does not have the language stating: “…or the date of recording, whichever is later,” then the original Date of Policy, or the updated Date of the Policy per a Date Down Endorsement, must be no earlier than the date and time of recording of the First Deed of Trust.
ALTA Limited Pre-Foreclosure Date Down Endorsement** $50.00 (See Section 5.13, Class L) **(Endorsement to be issued only in connection with a previously issued ALTA Limited Pre-Foreclosure Policy to date down the policy prior to or during a foreclosure of the lender’s mortgage insured by the policy).
AMERICAN LAND TITLE ASSOCIATION (ALTA) ENDORSEMENTS: Series #Series #Series #Series # OTHER ENDORSEMENTS: Date Down Endorsement – Owner’s Policy NOTE: When the policy issuing office is conducting a closing on behalf of the lender, Gap Coverage may be issued for the sole benefit of the Lender at no charge.