 |
Your Title Agency
101 Main Street Yourtown, Pennsylvania 19403 (610) 929-5154, (610) 929-5154 fax |
|
Your Title Agency
101 Main Street Yourtown, Pennsylvania 19403 (610) 929-5154, (610) 929-5154 fax |
The following are the endorsements as described in the Manual of the Title Insurance Rating Bureau of Pennsylvania, as approved by the Pennsylvania Insurance Department, effective April 1, 2013.
WHERE THERE IS NO APPARENT VIOLATION OF RESTRICTIONS BY EXISITING
CONSTRUCTION (Revised 4/1/07) - Loan Policy Only
This endorsement insures that the restrictions have not been violated and that a future violation
thereof will not cause a forfeiture or reversion of title. The charge for this endorsement is
$50.00.
WHERE RESTRICTIONS APPEAR TO BE VIOLATED BY EXISTING CONSTRUCTION (Revised 4/1/07) -
Owners and/or Loan Policy
This endorsement insures against loss or damage (loss of income or profit excluded)
occasioned by the enforcement or attempted enforcement of said restrictions to remove
the whole or any portion of the improvements now on the premises and/or to collect money
damages in lieu thereof. The Charge for this endorsement is 10%, calculated in accordance
with Section 5.2, with a minimum Charge of $75.00.
WHERE PROPOSED NEW CONSTRUCTION DOES NOT INDICATE THAT RESTRICTIONS WILL BE VIOLATED
(Revised 4/1/07) - Owners and/or Loan Policy
This endorsement insures that existing and/or presently contemplated construction on the
described real estate will not violate the covenants, conditions and restrictions
referred to in Schedule "B" of the title insurance policy. The Charge for this endorsement
is 10%, calculated in accordance with Section 5.2, with a minimum Charge of $75.00.
WHERE PROPOSED CONSTRUCTION WILL APPARENTLY VIOLATE RESTRICTIONS (Revised 4/1/07) -
Owners and/or Loan Policy
This endorsement insures that the proposed new construction completed in strict accordance
with plans and specifications filed with the Insurer will not violate the restrictions set
forth in Schedule B of the policy, except to the extent set out on the endorsement.
Thereafter, the policy will insure against loss or damage (loss of income or profit
excluded) occasioned by the enforcement or attempted enforcement of said restrictions to
require the removal of the whole or any portion of the improvements, then on the premises
or proposed to be constructed in accordance with the said plans and specifications and/or
collect money damages in lieu thereof. The Charge for this endorsement shall be as follows:
| $10.00 | per $1,000 | for the initial | $500,000 of coverage |
| $5.00 | per $1,000 | for the next | $500,000 of coverage |
| $2.50 | per $1,000 | for the next | $1,000,000 of coverage |
| $1.25 | per $1,000 | for the excess over | $2,000,000 to $30,000,000 |
WHERE THERE IS NO APPARENT VIOLATION OF RESTRICTIONS BY EXISTING CONSTRUCTION
(Revised 4/1/07) - Owners Policy Only
This endorsement offers the same coverage to an owner or lessee as TIRBOP Endorsement
PA 100 offers to a mortgagee. The Charge for this endorsement is 10% of the applicable
basic or reissue rate with a minimum Charge of $75.00.
SURVEY EXCEPTION (Revised 10/1/08) - Loan Policy Only
This endorsement has the effect of insuring without exception for matters discoverable by
survey (except as might be specifically noted) and will further insure against loss or
damage by reason of encroachment (other than party walls), whether by the building on the
mortgaged premises encroaching upon adjacent property, or by any building on adjacent
property encroaching on the mortgaged premises. The charge for this endorsement is $50.00.
SURVEY EXCEPTION (Revised 10/1/08) - Owners Policy Only
This endorsement offers the same coverage to an owner or lessee as TIRBOP Endorsement
PA 300 offers to a mortgagee. The Charge for this endorsement is 20% of the applicable
basic or reissue rate.
MANUFACTURED HOUSING UNIT (4/1/07) - Owners Policy and/or Loan Policy
This endorsement amends the definition of "land" in the policy to include a manufactured
housing unit located on the land on the date of the policy. The Charge for this endorsement
is $50.00.
MORTGAGE MODIFICATION (4/1/07) - Loan Policy Only
This endorsement insures against loss arising from the invalidity of a lien of the
insured mortgage resulting from modification to the insured mortgage. The Charge for
this endorsement is set forth in Section 5.6 of this Manual.
MORTGAGE MODIFICATION (7/1/14) - Loan Policy Only
This endorsement insures against loss sustained by reason of the invalidity or
unenforceability of the Insured Mortgage as a result of a post-policy modification of
the Insured Mortgage. It also insures against loss or damage resulting from the failure
of the priority of the Insured Mortgage over defects, liens or encumbrances occurring
after the effective date of the policy and before the date of endorsement, except as to
any specified exceptions. This endorsement does not change the Date of Policy. This
endorsement is only available within one year from the date of the Insured Mortgage. Use
of this endorsement is prohibited in conjunction with the issuance of a policy insuring
1-4 family residential property. The Charge for this endorsement is set forth in Section
5.65 of this Manual.
VARIABLE RATE (4/1/07) - Loan Policy Only
Where required by a mortgagee, an Insurer may provide coverage under this endorsement to
insure the priority of the lien of a mortgage that can by its terms be renegotiated as to
its rate of interest. This coverage insures the priority of the lien through any number of
renegotiated interest terms. The Charge for this endorsement is $50.00.
VARIABLE RATE, NEGATIVE AMORTIZATION (4/1/07) - Loan Policy Only
Where required by a mortgagee, an Insurer may provide coverage under this endorsement to
insure the priority of the lien of a mortgage that can by its terms be renegotiated as to
its rate of interest. This coverage insures the priority of the lien through any number of
renegotiated interest terms, including negative amortization. The Charge for this
endorsement is $50.00.
CONDOMINIUM ENDORSEMENT UNDER PA UNIFORM CONDOMINIUM ACT (4/1/07) - Owner's and/or Loan
Policy
This endorsement affords multiple forms of coverage with respect to the Condominium
Regime and Documentation, when affixed to a policy in which the insured land is a
condominium unit together with its percentage interest in the common elements. The Charge
for this endorsement is $50.00.
PLANNED UNIT DEVELOPMENT (4/1/07) - Owner's and/or Loan Policy
This endorsement affords multiple forms of coverage with respect to the Planned Unit
Development Regime and Documentation, when affixed to a policy in which the insured land
is a Planned Unit Development. The Charge for this endorsement is $50.00.
CLOSING SERVICE LETTER (9/14/09) - Loan Policy
This letter, which is limited to a specific transaction, when requested provides (i) a
lender secured by a mortgage of an interest, in land, its assignees or a warehouse lender,
(ii) a purchaser of an interest in land, or (iii) a lessee of an interest in land with
certain protection against fraud, misapplication of funds or failure to follow written
closing instructions by the Agent or Approved Attorney, subject to the provisions contained
herein. The Charge for the issuance of the letter(s) shall be $35.00 ($75.00 after September
14, 2009) per transaction, regardless of the number of letters issued for a specific
transaction. The Charge shall be remitted in its entirety to the Insurer (which for this
Section does not include Agent or Approved Attorney). (See Supplemental Form Closing
Service Letter - TIRBOP PA CSL (9/14/09))
ENVIRONMENTAL PROTECTION LIEN (4/1/07) - Loan Policy Only (Primarily Residential Property)
This endorsement provides coverage to a lender by insuring the lien priority of the insured
mortgage over those environmental protection liens recorded in the land records except with
respect to environmental protection liens provided for by certain statutes identified in
the endorsement. The Charge for this endorsement is $50.00.
ENVIRONMENTAL PROTECTION LIEN ENDORSEMENT (4/1/07) - Loan Policy Only (Non-Residential Property)
This endorsement provides coverage to a lender by insuring the lien priority of the insured
mortgage over those environmental protection liens recorded in the land records. The Charge
for this endorsement is $100.00. Use of this endorsement is prohibited in conjunction with
the issuance of a loan policy insuring 1-4 family residential property.
MANDATORY ADVANCE (Revised 4/1/07) - Loan Policy Only
This endorsement provides limited insurance for loan advances, such as in a construction
mortgage disbursement made subsequent to the date of the policy. Such advances must be
made pursuant to the terms of the Loan Agreement and at all times during which the "Vestee"
(person who is vested with title ownership of the land secured by the mortgage at the date
of the policy) is the owner of the property. The endorsement insures the lien priority of
such advances. The Charge for this endorsement is $50.00.
REVOLVING LINE OF CREDIT/OPEN END MORTGAGE (Revised 4/1/07) - Loan Policy Only
This endorsement provides limited insurance for mandatory loan advances made pursuant to
a mortgage that qualifies as an "Open End Mortgage" by statute. Such advances must be made
pursuant to the loan agreement and subject to the requirements of the statute and at all
times during which the "Vestee" (person who is vested with title ownership of the land
secured by the mortgage at the date of the policy) is the owner of the property. The
endorsement insures the lien priority of such advances. The Charge for this endorsement
is $50.00 when issued in connection with a policy on a 1 to 4 family residential property;
when issued in connection with other property, the Charge for this endorsement is 10%,
calculated in accordance with Section 5.2, with a minimum Charge of $50.00.
OPEN END MORTGAGE/CONSTRUCTION (Revised 4/1/07) - Loan Policy Only
This endorsement provides limited insurance for construction loan advances made pursuant
to a mortgage that qualifies as an "Open End Mortgage" by statute. Such advances must be
made to pay toward or to provide funds to the mortgagor to pay toward all or part of the
costs of completing any erection, construction, alteration, or repair of any part of the
mortgaged premises which is the statutory requirement and made at all times during which
the mortgagor of the insured mortgage is still the owner of the estate or interest covered
by the policy. The endorsement insures the lien priority of such advances. The Charge for
this endorsement is 10%, calculated in accordance with Section 5.2, with a minimum Charge
of $50.00.
FNMA BALLOON (Revised 4/1/07) - Loan Policy Only
This endorsement insures a lender against the invalidity or unenforceability or loss of
priority of the insured mortgage resulting from provisions which provide for a conditional
right to refinance and a change in the rate of interest as set forth in the mortgage. The
Charge for this endorsement is $50.00.
SPECIAL RISKS (RESTRICTIONS, ENCROACHMENTS, MINERALS) (4/1/13) - Loan Policy Only
This endorsement insures against loss or damage by reason of a violation of a Covenant
that divests, subordinates or extinguishes the lien of the Insured Mortgage or that
results in the invalidity, unenforceability or lack of priority of the lien of the
Insured Mortgage; violation of an enforceable Covenant by an Improvement on the Land;
enforced removal of an Improvement as a result of a violation of a building setback line
shown on a recorded subdivision plan, notice of a violation recorded in the Public
Records of an enforceable Covenant relating to environmental protection; encroachment of
an Improvement; damage to an Improvement that encroaches upon an easement area or that
results from the exercise of an easement and insurance against damage to an Improvement
resulting from the right to use the surface of the Land for the extraction or development
of minerals or any other subsurface substances. The Charge for this endorsement is 10%,
calculated in accordance with Section 5.2, with a minimum Charge of $75.00.
COVENANTS, CONDITIONS AND RESTRICTIONS - UNIMPROVED LAND (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of a violation on the Land of
an enforceable Covenant and of a notice of a violation recorded in the Public Records of
an enforceable Covenant relating to environmental protection describing any part of the
Land. The Charge for the endorsement is 10%, calculated in accordance with Section 5.2,
unless it is issued with TIRBOP Endorsement PA 301 in which case it will be priced at 5%,
calculated in accordance with Section 5.2, with a minimum Charge is $75.00.
COVENANTS, CONDITIONS AND RESTRICTIONS - IMPROVED LAND (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of a violation on the Land of
an enforceable Covenant, enforced removal of an Improvement as a result of a violation of
a building setback line shown on a recorded subdivision plan and notice of a violation
recorded in the Public Records of an enforceable Covenant relating to environmental
protection describing any part of the Land. The Charge for the endorsement is 10%,
calculated in accordance with Section 5.2, unless it is issued with TIRBOP Endorsement
PA 301 in which case it will be priced at 5%, calculated in accordance with Section 5.2,
with a minimum Charge is $75.00.
ALTA 9.6-06 as modified by TIRBOP (revised 04/02/13) - Private Rights - Loan Policy Only
This endorsement insures against loss or damage due to the enforcement of a Private Right
contained in a Covenant that (a) results in the invalidity, unenforceability, or lack of
priority of the lien of the Insured Mortgage, or (b) causes a loss of the Insured's Title
acquired in satisfaction or partial satisfaction of the indebtedness. Private Right is
defined as (i) a private charge or assessment; (ii) an option to purchase; (iii) a right
of first refusal; or (iv) a right of prior approval of a future purchaser or occupant.
The Charge for this endorsement is $500.00. Use of this endorsement is prohibited in
conjunction with the issuance of a loan policy insuring 1-4 family residential property.
This endorsement was modified to make paragraph 4d** of the endorsement mandatory, rather
than optional, language.
RESTRICTIONS, ENCROACHMENTS, MINERALS - LAND UNDER DEVELOPMENT (4/1/13) - Loan Policy Only
This endorsement insures against loss or damage by reason of a violation of a Covenant
that divests, subordinates or extinguishes the lien of the Insured Mortgage or that
results in the invalidity, unenforceability or lack of priority of the lien of the
Insured Mortgage; violation of an enforceable Covenant by an Improvement or a Future
Improvement; enforced removal of an Improvement or a Future Improvement as a result of
a violation of a building setback line shown on a recorded subdivision plan, notice of
a violation recorded in the Public Records of an enforceable Covenant relating to
environmental protection; encroachment of an Improvement or a Future Improvement; damage
to an Improvement or a Future Improvement that encroaches upon an easement area or that
results from the exercise of an easement and insurance against damage to an Improvement
or a Future Improvement resulting from the right to use the surface of the Land for the
extraction or development of minerals or any other subsurface substances. The Charge for
this endorsement is 15%, calculated in accordance with Section 5.2, with a minimum Charge
of $75.00.
COVENANTS, CONDITIONS AND RESTRICTIONS - LAND UNDER DEVELOPMENT (4/1/13) -
Owner's Policy Only
This endorsement insures against loss or damage by reason of a violation of an enforceable
Covenant by an Improvement or a Future Improvement, enforced removal of an Improvement or
a Future Improvement as a result of a violation of a building setback line shown on a
recorded subdivision plan and a notice of a violation recorded in the Public Records of
an enforceable Covenant relating to environmental protection describing any part of the
Land. The Charge for the endorsement is 15%, calculated in accordance with Section 5.2,
unless it is issued with TIRBOP Endorsement PA 301 in which case it will be priced at
10%, calculated in accordance with Section 5.2, with a minimum Charge is $75.00.
GENERAL ENDORSEMENT (Revised 4/1/07)
This endorsement is to be used only for purposes of correcting and/or amending previously
issued policies or for granting affirmative coverage not otherwise covered by the other
endorsements set forth in this Manual.
This endorsement may not be used to provide the following coverages: Truth-in-Lending;
Zoning; Creditors Rights; Doing Business; Usury; Tie-In Interstate; or Subdivision.
ABBREVIATED FORM ENDORSEMENT(S) (Revised 10/1/08) - Loan Policy Only
This endorsement incorporates by reference nine (9) other endorsements, and one (1)
optional additional endorsement, contained in this Manual. The sequence for listing
these endorsements is at the discretion of the Insurer. Each of the referenced
endorsements, as requested by the lender, can be checked in the appropriate block. The
Charge for each endorsement so checked shall be made in accordance with this Manual.
There is no other Charge to be made for the use of this endorsement.
WAIVER OF ARBITRATION (Revised 4/1/07) - Loan Policy Only
This endorsement amends the 1992 ALTA Loan Policy by deleting Paragraph 13 of the
Conditions and Stipulations Section of the policy, relating to arbitration. The Charge for
this endorsement is $100.00.
FIRST LOSS - MULTIPLE PARCEL TRANSACTIONS (Revised 4/1/13) - Loan Policy Only
This endorsement provides, under certain conditions, that the amount which the insurer
shall be liable to pay under the policy shall be determined without requiring maturity of
the indebtedness by acceleration or otherwise. The Charge for this endorsement is 10%,
calculated in accordance with Section 5.2, with a minimum Charge of $500.00.
LEASEHOLD OWNERS (4/1/13) - Owner Policy Only
This endorsement may only be issued at the time of the issuance of the ALTA Owner's
Policy. The endorsement sets forth how the leasehold estate is valued for purposes of a
loss under the policy and the items covered by the issuance of the endorsement. The
Charge for this endorsement, together with the ALTA Owner's Policy, is set forth in
Section 5.10.
LEASEHOLD LOAN (4/1/07) - Loan Policy Only
This endorsement may only be issued at the time of the issuance of the ALTA Loan Policy.
The endorsement sets forth how the leasehold estate is valued for purposes of a loss under
the policy and the items covered by the issuance of the endorsement. The Charge for this
endorsement, together with the ALTA Loan Policy, is set forth in Section 5.10.
FUTURE ADVANCE - LETTER OF CREDIT (10/1/08) - Loan Policy Only
This endorsement provides limited insurance for loan advances made pursuant to a letter
of credit, surety agreement or reimbursement agreement. The Charge for this endorsement
is 10%, calculated in accordance with Section 5.2. Use of this endorsement is prohibited
in conjunction with the issuance of a loan policy insuring 1-4 family residential property.
NONIMPUTATION - FULL EQUITY TRANSFER (10/1/08) - Owners Policy Only
This endorsement insures that the Insurer will not deny liability to certain incoming
parties (in a full equity transfer) as a result of the Insured having knowledge imputed
to it in partnership, corporate, or limited liability company transactions. This
endorsement may only be issued with a simultaneously issued owner's policy. The Charge
for this endorsement is 20%, calculated in accordance with Section 5.2. Use of this
endorsement is prohibited in conjunction with the issuance of an owner's policy insuring
1-4 family residential property.
NONIMPUTATION - ADDITIONAL INSURED (10/1/08) - Owners Policy Only
This endorsement insures that the Insurer will not deny liability to certain incoming
parties (additional insureds) as a result of the Insured having knowledge imputed to it
in partnership, corporate, or limited liability company transactions. This endorsement
may be issued subsequent to the issuance of the owner's policy. The Charge for this
endorsement is 20%, calculated in accordance with Section 5.2. Use of this endorsement
is prohibited in conjunction with the issuance of an owner's policy insuring 1-4 family
residential property.
NONIMPUTATION - PARTIAL EQUITY TRANSFER (10/1/08) - Owners Policy Only
This endorsement insures that the Insurer will not deny liability to certain incoming
parties (in a partial equity transfer) as a result of the Insured having knowledge
imputed to it in partnership, corporate, or limited liability company transactions. This
endorsement may only be issued with a simultaneously issued owner's policy. The Charge
for this endorsement is 20%, calculated in accordance with Section 5.2. Use of this
endorsement is prohibited in conjunction with the issuance of an owner's policy insuring
1-4 family residential property.
MEZZANINE FINANCING (4/1/07) - Owners Policy Only
This endorsement provides certain coverages to a mezzanine lender under an owner's policy.
The Charge for this endorsement is 20%, calculated in accordance with Section 5.2. Use of
this endorsement is prohibited in conjunction with the issuance of an owner's policy
insuring 1-4 family residential property.
ACCESS AND ENTRY (4/1/07) - Loan Policy Only
This endorsement provides coverage to a lender with regard to vehicular and pedestrian
access to the insured property. The Charge for the issuance of the endorsement shall be
$100.00. Use of this endorsement is prohibited in conjunction with the issuance of a loan
policy insuring 1-4 family residential property.
ACCESS AND ENTRY (4/1/07) - Owners Policy Only
This endorsement provides coverage to an owner with regard to vehicular and pedestrian
access to the insured property. The Charge for this endorsement is 10%, calculated in
accordance with Section 5.2. Use of this endorsement is prohibited in conjunction with
the issuance of an owner's policy insuring 1-4 family residential property.
INDIRECT ACCESS AND ENTRY (4/1/07) - Loan Policy Only
This endorsement provides coverage to a lender with regard to vehicular and pedestrian
access indirectly to the insured property. The Charge for the issuance of the endorsement
shall be $250.00. Use of this endorsement is prohibited in conjunction with the issuance of
a loan policy insuring 1-4 family residential property.
INDIRECT ACCESS AND ENTRY (4/1/07) - Owner's Policy Only
This endorsement provides coverage to an owner with regard to vehicular and pedestrian
access indirectly to the insured property. The Charge for this endorsement is 10%,
calculated in accordance with Section 5.2. Use of this endorsement is prohibited in
conjunction with the issuance of an owner's policy insuring 1-4 family residential
property.
FUTURE ADVANCE - REVERSE MORTGAGE (10/1/08) - Loan Policy Only
This endorsement provides coverage to a lender in conjunction with a reverse annuity
mortgage. The Charge for the issuance of the endorsement shall be $50.00.
SINGLE TAX PARCEL (10/1/08) - Owner's and/or Loan Policy
This endorsement provides coverage with regard to assessment as a single tax parcel. The
Charge for the issuance of the endorsement shall be $100.00. Use of this endorsement is
prohibited in conjunction with the issuance of owners and/or loan policies insuring 1-4
family residential property.
MULTIPLE TAX PARCEL (10/1/08) - Owner's and/or Loan Policy
This endorsement provides coverage with regard to assessment as multiple tax parcels. The
Charge for the issuance of the endorsement shall be $100.00. Use of this endorsement is
prohibited in conjunction with the issuance of owners and/or loan policies insuring 1-4
family residential property.
CONTIGUITY (4/1/07) - Owners and/or Loan Policy
This endorsement provides coverage with regard to contiguity of the insured premises. The
Charge for the issuance of the endorsement shall be $100.00. Use of this endorsement is
prohibited in conjunction with the issuance of owners and/or loan policies insuring 1-4
family residential property.
ALTA 12-06 as modified by TIRBOP (revised 04/02/13) - Aggregation/Tie-in/Intrastate Only - Loan Policy Only
This endorsement aggregates the coverage of two or more policies insuring premises in
Pennsylvania. The Charge for this endorsement is $100.00. Use of this endorsement is
prohibited in conjunction with the issuance of a loan policy insuring 1-4 family
residential property. Use of this endorsement shall also be prohibited to aggregate the
liability of any policies issued for Pennsylvania properties with properties situate
outside the Commonwealth of Pennsylvania.
This endorsement was modified to designate the state in paragraph 1 as PA and changing the
title of the endorsement to include the phrase "Intrastate Only" to make clear that this
endorsement is to be used for properties within Pennsylvania borders.
SAME AS SURVEY (4/1/07) - Loan Policy Only
This endorsement insures that the land described in the policy is the same as depicted on
the survey referenced in the endorsement. The Charge for this endorsement is $100.00. Use
of this endorsement is prohibited in conjunction with the issuance of a loan policy
insuring 1-4 family residential property.
SAME AS SURVEY (4/1/07) - Owner's Policy Only
This endorsement insures that the land described in the policy is the same as depicted on
the survey referenced in the endorsement. The Charge for this endorsement is 20%,
calculated in accordance with Section 5.2, with a minimum charge of $100.00, unless it is
issued with TIRBOP Endorsement PA 301, in which case it will be priced as $100.00. Use of
this endorsement is prohibited in conjunction with the issuance of an owner's policy
insuring 1-4 family residential property.
LOCATION (4/1/07) - Loan Policy Only
This endorsement provides coverage to a lender with regard to the physical improvements of
the insured premises. The Charge for this endorsement is $100.00. Use of this endorsement
is prohibited in conjunction with the issuance of a loan policy insuring 1-4 family
residential property, and shall only be issued for land that has been improved.
MORTGAGE RELEASE (4/1/07) - Loan Policy Only
This endorsement provides assurances, in conjunction with the release of a portion of the
mortgaged lands from the lien of the insured mortgage, as to the validity and priority of
the lien of the insured mortgage on the remaining portion of the mortgaged lands not
released. The Charge for this endorsement is $250.00. Use of this endorsement is prohibited
in conjunction with the issuance of a loan policy insuring 1-4 family residential property,
and shall only be issued for land that has been improved.
CREDITORS RIGHTS (09/01/07 - 1/31/2010) - Loan Policy Only (No longer available)
This endorsement provides coverage to a lender against loss or damage sustained by reason
of the avoidance in whole or in part, or a court order providing some other remedy, based
on the voidability of the insured estate, interest or mortgage, because of the occurrence
on or before the Date of Policy, of a fraudulent transfer or a preference under federal,
bankruptcy, state insolvency, or similar creditors' rights laws. The Charge for the
issuance of the endorsement shall be 10% of the applicable basic or reissue rate. Use of
this endorsement is prohibited in conjunction with the issuance of a loan policy insuring
1-4 family residential property.
CREDITORS RIGHTS (09/01/07 - 1/31/2010) - Owner's Policy Only (No longer available)
This endorsement provides coverage to an owner against loss or damage sustained by reason
of the avoidance in whole or in part, or a court order providing some other remedy, based
on the voidability of the insured estate or interest, because of the occurrence on or
before the Date of Policy, of a fraudulent transfer or a preference under federal,
bankruptcy, state insolvency, or similar creditors' rights laws. The Charge for the
issuance of the endorsement shall be 20% of the applicable basic or reissue rate. Use of
this endorsement is prohibited in conjunction with the issuance of a loan policy insuring
1-4 family residential property.
DAMAGE OR ENFORCED REMOVAL (3/1/11) - Loan Policy Only
This endorsement insures against loss or damage sustained by reason of damage to an
existing building located on the land from the exercise of the granted or reserved rights
of use or maintenance of an easement excepted in Schedule B of the policy. The Charge for
this endorsement is 10%, calculated in accordance with Section 5.2. Use of this
endorsement is prohibited in conjunction with the issuance of a loan policy insuring 1-4
family residential property.
DAMAGE OR ENFORCED REMOVAL (3/1/11) - Owner's Policy Only
This endorsement insures against loss or damage sustained by reason of damage to an
existing building located on the land as a result of the exercise of the right of use or
maintenance of an easement excepted in Schedule B of the policy. The Charge for this
endorsement is 20%, calculated in accordance with Section 5.2. Use of this endorsement is
prohibited in conjunction with the issuance of an owner's policy insuring 1-4 family
residential property.
ENCROACHMENTS - BOUNDARIES AND EASEMENTS (4/1/13) - Loan Policy Only
This endorsement insures against loss or damage by reason of an encroachment of any
Improvement located on the Land onto adjoining land or onto that portion of the Land
subject to an easement; an encroachment of any improvement located on adjoining land onto
the Land; enforced removal of any Improvement located on the Land in the event that the
easement owner, in the exercise of the easement, compels removal or relocation of the
encroaching Improvement and enforced removal of any improvement located on the Land that
encroaches onto adjoining land. The Charge for the endorsement is 10%, calculated in
accordance with Section 5.2, unless it is issued with TIRBOP Endorsement PA 1030 or PA
1034 in which case the Charge will be $500.00. Use of this endorsement is prohibited in
conjunction with the issuance of a loan policy insuring 1-4 family residential property.
ENCROACHMENTS - BOUNDARIES AND EASEMENTS (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of an encroachment of any
Improvement located on the Land onto adjoining land or onto that portion of the Land
subject to an easement; an encroachment of any improvement located on adjoining land onto
the Land; enforced removal of any Improvement located on the Land in the event that the
easement owner, in the exercise of the easement, compels removal or relocation of the
encroaching Improvement and enforced removal of any improvement located on the Land that
encroaches onto adjoining land. The Charge for the endorsement is 20%, calculated in
accordance with Section 5.2, unless it is issued with TIRBOP Endorsements PA 1031, PA 1032
or PA 1035, in which case it will be priced at 5%, calculated in accordance with Section
5.2, with a minimum Charge is $75.00. Use of this endorsement is prohibited in conjunction
with the issuance of an owner's policy insuring 1-4 family residential property.
INTEREST RATE SWAP ENDORSEMENT - DIRECT OBLIGATION (3/1/11) - Loan Policy Only
This endorsement insures against loss by reason of the invalidity, unenforceability, or
lack of priority of the lien of the Insured Mortgage as security for the repayment of the
Swap Obligation at Date of Endorsement. The Charge for this endorsement is 10%, calculated
in accordance with Section 5.2, if issued at Date of Policy; and 20% if issued subsequent
to Date of Policy. Use of this endorsement is prohibited in conjunction with the issuance
of a loan policy insuring 1-4 family residential property.
INTEREST RATE SWAP ENDORSEMENT - ADDITIONAL INTEREST (3/1/11) - Loan Policy Only
This endorsement insures against loss by reason of the invalidity, unenforceability, or
lack of priority of the lien of the Insured Mortgage as security for the Additional
Interest calculated pursuant to the formula provided in the loan documents secured by the
Insured Mortgage at Date of Endorsement for repayment of the Swap Obligation. The Charge
for this endorsement is 10%, calculated in accordance with Section 5.2, if issued at Date
of Policy; and 20% if issued subsequent to Date of Policy. Use of this endorsement is
prohibited in conjunction with the issuance of a loan policy insuring 1-4 family
residential property.
MINERALS AND OTHER SUBSURFACE SUBSTANCES - BUILDINGS (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement [buildings] resulting from the future exercise of any right
to use the surface of the Land for the extraction or development of minerals or any other
subsurface substances. The Charge for this endorsement is $500.00. Use of this endorsement
is prohibited in conjunction with the issuance of an owner's policy insuring 1-4 family
residential property.
MINERALS AND OTHER SUBSURFACE SUBSTANCES - BUILDINGS (7/1/14) - Loan Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement [buildings] resulting from the future exercise of any right
to use the surface of the Land for the extraction or development of minerals or any other
subsurface substances. The Charge for this endorsement is $500.00. Use of this endorsement
is prohibited in conjunction with the issuance of a loan policy insuring 1-4 family
residential property.
MINERALS AND OTHER SUBSURFACE SUBSTANCES - IMPROVEMENTS (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement [including a building, structure located on the surface of
the Land and any paved road, walkway, parking area, driveway or curb] resulting from the
future exercise of any right to use the surface of the Land for the extraction or
development of minerals or any other subsurface substances. The Charge for the endorsement
is 10%, calculated in accordance with Section 5.2, unless it is issued with TIRBOP
Endorsement PA 301 in which case it will be priced at 5%, calculated in accordance with
Section 5.2, with a minimum Charge is $75.00. Use of this endorsement is prohibited in
conjunction with the issuance of an owner's policy insuring 1-4 family residential property.
MINERALS AND OTHER SUBSURFACE SUBSTANCES - IMPROVEMENTS (7/1/14) - Loan Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement [including a building, structure located on the surface of the
Land and any paved road, walkway, parking area, driveway or curb] resulting from the future
exercise of any right to use the surface of the Land for the extraction or development of
minerals or any other subsurface substances. The Charge for the endorsement is 5%,
calculated in accordance with Section 5.2, with a minimum Charge of $500.00. Use of this
endorsement is prohibited in conjunction with the issuance of a loan policy insuring 1-4
family residential property.
MINERALS AND OTHER SUBSURFACE SUBSTANCES - LAND UNDER DEVELOPMENT (4/1/13) -
Owner's Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement or Future Improvement [including a building, structure
located on the surface of the Land and any paved road, walkway, parking area, driveway or
curb] resulting from the future exercise of any right to use the surface of the Land for
the extraction or development of minerals or any other subsurface substances. The Charge
for the endorsement is 15%, calculated in accordance with Section 5.2, unless it is issued
with TTRBOP Endorsement PA 301 in which case it will be priced at 10%, calculated in
accordance with Section 5.2, with a minimum Charge is $75.00. Use of this endorsement is
prohibited in conjunction with the issuance of an owner's policy insuring 1-4 family
residential property.
Minerals and Other Subsurface Substances-Land Under Development (7/1/14) - Loan Policy Only
This endorsement insures against loss or damage by reason of the enforced removal or
alteration of any Improvement or Future Improvement [including a building, structure
located on the surface of the Land and any paved road, walkway, parking area, driveway or
curb] resulting from the future exercise of any right to use the surface of the Land for
the extraction or development of minerals or any other subsurface substances. The Charge
for the endorsement is 10%, calculated in accordance with Section 5.2, with a minimum
Charge of $500.00. Use of this endorsement is prohibited in conjunction with the issuance
of a loan policy insuring 1-4 family residential property.
SEVERABLE IMPROVEMENTS (4/1/13) - Owner's and/or Loan Policy
Used in projects where the main costs are in the purchase of improvements which may be
severed from the Land, and where the improvements may not be considered real property in
the jurisdiction where the Land is located. By the endorsement, the calculation of loss by
reason of a covered Policy Defect, includes the diminution in the value of and the removal
or relocation cost of the Severable Improvements. The Charge for this endorsement is
$500.00. Use of this endorsement is prohibited in conjunction with the issuance of an
owner's or loan policy insuring 1-4 family residential property.
This endorsement shall be issued only when the Amount of Insurance in Schedule A of the
Policy includes the aggregate of the Full Value of the Land or the Full Value of the
Leasehold Estate and the Full Value of the Severable Improvement.
ENERGY PROJECT - LEASEHOLD/EASEMENT (4/1/13) - Owner's Policy Only
This endorsement, issued with a Policy that insures a Leasehold and/or Easement Estate,
recognizes the unique characteristics of an Energy Project. By Section 3, "Valuation of
Title as an Integrated Project" , the endorsement treats the Energy Project as an
integrated whole, providing that in computing loss or damage, Valuation of Title as a
result of an Eviction from a portion of the Land shall be the value of the affected
Leasehold or Easement Estate and any Electrical Facility plus any reduction in the value
of another insured Leasehold or Easement Estate; and further provides that the computation
of loss or damage for a covered defect affecting one parcel (or fewer than all parcels)
shall include resulting loss or damage to the Integrated Project. By Section 4, "Valuation
of Severable Improvements", the endorsement includes the diminution of the value of a
Severable Improvement in the event of an Eviction. By Section 5, "Additional items of loss
covered by this endorsement", the endorsement expands on the items of loss appropriate to
an Energy Project. The Charge for this endorsement is $500.00. Use of this endorsement is
prohibited in conjunction with the issuance of an owner's policy insuring 1-4 family
residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
ENERGY PROJECT - LEASEHOLD/EASEMENT (4/1/13) - Loan Policy Only
This endorsement, issued with a Policy that insures a Leasehold and/or Easement Estate,
recognizes the unique characteristics of an Energy Project. By Section 3, "Valuation of
Title as an Integrated Project", the endorsement treats the Energy Project as an
integrated whole, providing that in computing loss or damage, Valuation of Title as a
result of an Eviction from a portion of the Land shall be the value of the affected
Leasehold or Easement Estate and any Electrical Facility plus any reduction in the value
of another insured Leasehold or Easement Estate; and further provides that the computation
of loss or damage for a covered defect affecting one parcel (or fewer than all parcels)
shall include resulting loss or damage to the Integrated Project. By Section 4, "Valuation
of Severable Improvements", the endorsement includes the diminution of the value of a
Severable Improvement in the event of an Eviction. By Section 5, "Additional items of loss
covered by this endorsement", the endorsement expands on the items of loss appropriate to
an Energy Project. The Charge for this endorsement is $500.00. Use of this endorsement is
prohibited in conjunction with the issuance of a loan policy insuring 1-4 family
residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
ENERGY PROJECT - LEASEHOLD (4/1/13) - Owner's Policy Only
This endorsement, issued with a Policy that insures a Leasehold Estate, recognizes the
unique characteristics of an Energy Project. By Section 3, "Valuation of Title as an
Integrated Project" , the endorsement treats the Energy Project as an integrated whole,
providing that in computing loss or damage, Valuation of Title as a result of an Eviction
from a portion of the Land shall be the value of the affected Leasehold Estate and any
Electrical Facility plus any reduction in the value of another insured Leasehold Estate;
and further provides that the computation of loss or damage for a covered defect affecting
one parcel (or fewer than all parcels) shall include resulting loss or damage to the
Integrated Project. By Section 4, "Valuation of Severable Improvements", the endorsement
includes the diminution of the value of a Severable Improvement in the event of an
Eviction. By Section 5, "Additional items of loss covered by this endorsement", the
endorsement expands on the items of loss appropriate to an Energy Project. The Charge for
this endorsement is $500.00. Use of this endorsement is prohibited in conjunction with the
issuance of an owner's policy insuring 1-4 family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and Full
Value of the Severable Improvements and Full Valuable of the Electricity Facility.
ENERGY PROJECT - LEASEHOLD (4/1/13) - Loan Policy Only
This endorsement, issued with a Policy that insures a Leasehold Estate, recognizes the
unique characteristics of an Energy Project. By Section 3, "Valuation of Title as an
Integrated Project", the endorsement treats the Energy Project as an integrated whole,
providing that in computing loss or damage, Valuation of Title as a result of an Eviction
from a portion of the Land shall be the value of the affected Leasehold Estate and any
Electrical Facility plus any reduction in the value of another insured Leasehold Estate;
and further provides that the computation of loss or damage for a covered defect affecting
one parcel (or fewer than all parcels) shall include resulting loss or damage to the
Integrated Project. By Section 4, "Valuation of Severable Improvements", the endorsement
includes the diminution of the value of a Severable Improvement in the event of an
Eviction. By Section 5, "Additional items of loss covered by this endorsement", the
endorsement expands on the items of loss appropriate to an Energy Project. The Charge for
this endorsement is $500.00. Use of this endorsement is prohibited in conjunction with the
issuance of a loan policy insuring 1-4 family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and Full
Value of the Severable Improvements and Full Valuable of the Electricity Facility.
ENERGY PROJECT - COVENANTS, CONDITIONS AND RESTRICTIONS - LAND UNDER DEVELOPMENT (4/1/13) -
Owner's Policy Only
Patterned after TIRBOP Endorsement PA 1035 ( ALTA Endorsement 9.8-06) but tailored to an
Energy Project, this endorsement insures against loss or damage by reason of a violation
of an enforceable Covenant by any Electrical Facility or Severable Improvement, enforced
removal of any Electrical Facility or Severable Improvement as a result of a violation of
a building setback line shown on a recorded subdivision plan and a notice of a violation
recorded in the Public Records of an enforceable Covenant relating to environmental
protection describing any part of the Land. The Charge for the endorsement is 15%,
calculated in accordance with Section 5.2, unless it is issued with TIRBOP Endorsement PA
301 in which case it will be priced at 10%, calculated in accordance with Section 5.2,
with a minimum Charge is $75.00. Use of this endorsement is prohibited in conjunction with
the issuance of an owner's policy insuring 1-4 family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
ENERGY PROJECT - COVENANTS, CONDITIONS AND RESTRICTIONS - LAND UNDER DEVELOPMENT
(4/1/13) - Loan Policy Only
Patterned after TIRBOP Endorsement PA 1034 ( ALTA Endorsement 9.7-06) but tailored to an
Energy Project, this endorsement insures against loss or damage by reason of a violation
of an enforceable Covenant by any Electrical Facility or Severable Improvement, enforced
removal of any Electrical Facility or Severable Improvement as a result of a violation of
a building setback line shown on a recorded subdivision plan and a notice of a violation
recorded in the Public Records of an enforceable Covenant relating to environmental
protection describing any part of the Land. The Charge for the endorsement is 5%,
calculated in accordance with Section 5.2, with a minimum Charge is $75.00. Use of this
endorsement is prohibited in conjunction with the issuance of a loan policy insuring 1-4
family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
ENERGY PROJECT - ENCROACHMENTS (4/1/13) - Owner's Policy Only
This endorsement insures against loss or damage by reason of an encroachment of any
Electrical Facility or Severable Improvement, located on the Land onto adjoining land or
onto that portion of the Land subject to an easement; an encroachment of an improvement
located on adjoining land onto the Land; enforced removal of any Electrical Facility or
Severable Improvement located on the Land in the event that the easement owner, in the
exercise of the easement, compels removal or relocation of any Electrical Facility or
Severable Improvement, and damage to any Electrical Facility or Severable Improvement
located on or encroaching into that portion of the Land subject to an easement which
damage results from the exercise of the easement. The Charge for the endorsement is 15%,
calculated in accordance with Section 5.2, unless it is issued with TIRBOP Endorsement PA
301 in which case it will be priced at 10%, calculated in accordance with Section 5.2,
with a minimum Charge is $75.00. Use of this endorsement is prohibited in conjunction with
the issuance of an owner's policy insuring 1-4 family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
ENERGY PROJECT - ENCROACHMENTS (4/1/13) - Loan Policy Only
This endorsement insures against loss or damage by reason of an encroachment of any
Electrical Facility or Severable Improvement, located on the Land onto adjoining land or
onto that portion of the Land subject to an easement; an encroachment of an improvement
located on adjoining land onto the Land; enforced removal of any Electrical Facility or
Severable Improvement located on the Land in the event that the easement owner, in the
exercise of the easement, compels removal or relocation of any Electrical Facility or
Severable Improvement, and damage to any Electrical Facility or Severable Improvement
located on or encroaching into that portion of the Land subject to an easement which
damage results from the exercise of the easement. The Charge for the endorsement is 5%,
calculated in accordance with Section 5.2, with a minimum Charge is $75.00. Use of this
endorsement is prohibited in conjunction with the issuance of a Loan policy insuring 1-4
family residential property.
The endorsement shall only be issued when the Amount of Insurance in Schedule A includes
the aggregate of the Full Value of the Land or Full Value of the Leasehold Estate and/or
Easement Estate and Full Value of the Severable Improvements and Full Valuable of the
Electricity Facility.
Covenants, Conditions and Restrictions (7/1/14) - Loan Policy Only
This endorsement insures against loss or damage by reason of a violation of a Covenant that
(a) divests, subordinates or extinguishes the lien of the Insured Mortgage or (b) that
results in the invalidity, unenforceability or lack of priority of the lien of the Insured
Mortgage. It also insures against loss or damage by reason of (i) a violation of an
enforceable Covenant unless an exception in Schedule B identifies the violation, (ii)
enforced removal of an Improvement as a result of a violation of a building setback line
shown on a recorded subdivision plan, and (iii) notice of a violation recorded in the
Public Records of an enforceable Covenant relating to environmental protection. The Charge
for this endorsement is 5%, calculated in accordance with Section 5.2, with a minimum
Charge of $75.00.
Private Rights (7/1/14) - Owner's Policy Only
This endorsement insures against loss or damage if enforcement of a Private Right in a
Covenant affecting the Title at Date of Policy causes a loss of the Insured’s Title.
Private Right is defined as (i) an option to purchase; (ii) a right of first refusal; or
(iii) a right of prior approval of a future purchaser or occupant. This endorsement
permits a specific Private Right to be excluded from coverage. The Charge for this
endorsement is 10%, calculated in accordance with Section 5.2, with a minimum Charge of
$1,000.00. Use of this endorsement is prohibited in conjunction with the issuance of an
owner’s policy insuring 1-4 family residential property.
Construction Loan-Loss of Priority (7/1/14) - Loan Policy Only
This endorsement deletes Covered Risk 11(a) of the ALTA Loan Policy of Title Insurance, as
modified by TIRBOP, (06/17/06) and provides the coverage set forth in section 3 which
insures against (a) loss or damage by reason of the invalidity or unenforceability of the
lien of the Insured Mortgage as security for each Construction Loan Advance made on or
before the Date of Coverage; (b) the lack of priority of the lien of the Insured Mortgage
for each Construction Loan Advance over any recorded lien or encumbrance not shown in
Schedule B; and (c) the lack of priority of the lien of the Insured Mortgage over any
unrecorded mechanics’ liens but only for such mechanic lien claims which were designated
for payment in the Construction Loan Advance and disbursed on or before Date of Coverage.
The Charge for this endorsement is set forth in Section 5.11B of this Manual.
Construction Loan-Loss of Priority-Direct Payment (7/1/14) - Loan Policy Only
This endorsement deletes Covered Risk 11(a) of the ALTA Loan Policy of Title Insurance, as
modified by TIRBOP, (06/17/06) and provides the coverage set forth in section 3 which
insures against (a) loss or damage by reason of the invalidity or unenforceability of the
lien of the Insured Mortgage as security for each Construction Loan Advance made on or
before the Date of Coverage; (b) the lack of priority of the lien of the Insured Mortgage
for each Construction Loan Advance over any recorded lien or encumbrance not shown in
Schedule B; and (c) the lack of priority of the lien of the Insured Mortgage over any
unrecorded mechanics’ liens but only for such mechanic lien claims which were designated
for payment in the Construction Loan Advance. This endorsement requires direct payment to
contractors and materialmen to be made by the Company or by the Insured with the Company's
written approval. The Charge for this endorsement is set forth in Section 5.11B of this
Manual.
Disbursement (7/1/14) - Loan Policy Only
This endorsement can only be issued in conjunction with TIRBOP Endorsement PA 1500 or
1510 and advances the Date of Coverage for Construction Loan Advances. The endorsement
includes an option to state the current disbursement amount and to state the aggregate
amount, including the current disbursement amount. The Charge for this endorsement is set
forth in Section 5.11B of this Manual.
