Extended Coverage Loan Policy definition

Extended Coverage Loan Policy means an ALTA Short Form Residential Loan Policy (6/17/2006) or the following policy without one or more of the Standard Coverage Exceptions in Schedule B, Part I: ALTA Loan Policy-2006.
Sample 1Sample 2Sample 3
Extended Coverage Loan Policy means an ALTA Short Form Residential Loan Policy (6/17/2006; Rev. 02/15/18), ALTA Short Form Residential Loan Policy – Current Assessments (07- 01-2021) or the following policies without one or more of the Standard Coverage Exceptions in Schedule B, Part I: ALTA Loan Policy-2006 (6-17-2006; Rev. 02/15/18) or ALTA Loan Policy (07-01-2021).
Sample 1

Examples of Extended Coverage Loan Policy in a sentence

  • None of the items shown in this report will cause the Company to decline to attach CLTA Endorsement Form 100 to an Extended Coverage Loan Policy, when issued.

  • The requirements of Section 5.002 of this Manual for elimination of Standard Coverage Exception No. 5 (construction liens) apply to an Extended Coverage Loan Policy, and the charges of Section 5.002 apply in addition to the charges for an Extended Coverage Loan Policy under this Section.

  • A Loan Policy covering a timeshare may be a Standard Coverage Loan Policy or an Extended Coverage Loan Policy.

  • Extended Coverage Loan Policy: 130% of the Basic Insurance Rate for a one to four family residential property; for any other property 125% of the Basic Insurance Rate.

  • The charge for an Extended Coverage Loan Policy is the charge under Section 4.002 of this Manual relative to the Timeshare Rate (Schedule Two), instead of the Basic Insurance Rate (Schedule One).

  • If original policy was an Extended Coverage Loan Policy, 35% of the Basic Insurance Rate, minimum $100.00.

  • For improved one-to-four residential properties, any Extended Coverage Loan Policy (ALTA 2006 Loan Policy) shall be issued at the rates below.

  • The Short Term Rate does not apply to the additional premium for the issuance of an Extended Coverage Loan Policy.

  • The Partnership may require additional documentation for determining all funding for future-oriented expenses.

  • The charge for an ALTA Short Form Residential Loan Policy (version adopted 6/17/2006) shall be the same as that provided under this Chapter for an Extended Coverage Loan Policy, together with the charge specified in Chapter 10 of this Manual for OTIRO Endorsements 209.10-06 (ALTA 9.10-06, adopted 4/2/13), 209.6.1-06 (ALTA 9.6.1-06, adopted 4/2/15) and 222-06 (ALTA 22-06, rev.

Related to Extended Coverage Loan Policy

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Reimbursement insurance policy means a policy of insurance

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test.

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.