What is an ALTA 9 endorsement for on title?
ALTA 9 endorsement provides coverage over what are called Covenants, Conditions and Restrictions (“CCRs”). CCRs can be found in the Plat of Subdivision or in the first deed from the time the subdivision was created. Sometimes, CCRs are found in a recorded Declaration of Covenants, Conditions and Restrictions.
What are Alta 9 restrictions?
Covenants, conditions, or restrictions under which the lien of the insured mortgage can be divested, subordinated, or extinguished, or its validity, priority, or enforceability impaired.
What is ALTA 9 endorsement Texas?
Originally there was the ALTA Form 9 endorsements, consisting of the ALTA 9 and 9.1, for owner and loan policies respectively, commonly called a “comprehensive endorsement,” These insured against losses due to encroachment of improvements, damage to improvements from development of minerals, and violation of covenants.
What is an ALTA 35 endorsement?
The ALTA 35 endorsements are the Minerals and Other Subsurface Substances series, and the ALTA 35.3 specifically provides insurance against damage sustained by the insured by reason of the enforced removal or alteration of an improvement or future improvement that results from the future exercise of any right existing …
What is an Alta 8 endorsement?
ALTA has developed the 8.1 (Environmental Protection) Endorsement, which provides affirmative insurance that there are no liens recorded for the cleanup of hazardous wastes on the insured property.
What is a tax deletion endorsement?
[deletion regarding roll back language] Protects: Amends the tax exception in the Loan Policy to provide coverage against rollback taxes for prior years due to a change in land use or ownership.
What is private rights endorsement?
This endorsement to the Loan Policy insures against enforcement of a Private Right resulting in invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage or causing a loss of Title acquired in satisfaction of the Indebtedness.
What is Alta 9 title policy?
ALTA 9.9-06 Private Rights — Owners policy: This endorsement provides coverage to the owner against loss that results from the invalidity of the insured title arising from “private rights” such as options to purchase, right of first refusal or right of prior approval of a future purchaser or occupant.
What is Alta 9 endorsement loan policy?
The ALTA 9 series of endorsements includes two private rights endorsements. These are the ALTA 9.9 Private Rights – Owner’s Policy, and the ALTA 9.6 Private Rights – Loan Policy. Both of these endorsements insure against specific private rights, identified in the endorsements as: an option to purchase; a right of first refusal; and.
What is Alta 9 coverage?
The Comprehensive Endorsement, also known as ALTA 9 coverage, contains different insuring provisions. ALTA 9 endorsement provides coverage over what are called Covenants, Conditions and Restrictions (“CCRs”). CCRs can be found in the Plat of Subdivision or in the first deed from the time the subdivision was created.
What does Alta endorsement mean?
The ALTA Endorsement 25-06 is commonly called the Same as Survey. This endorsement is available for loan and owner’s policies and provides coverage in the event that the land identified on the survey described in the endorsement is not the same land as described in the policy.