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CHICAGO TITLE INSURANCE Company Environmental Protection Lien Endorsement (ALTA) Form 8.1 is only issued in connection with residential loan policies. The first sentence of the endorsement specifically
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The environmental protection lien is a legal claim placed on a property to ensure that environmental cleanup costs are paid.
The government agency or entity responsible for overseeing environmental protection may require the filing of the lien.
The lien typically requires detailed information about the property, the environmental issue, and the responsible parties.
The purpose of the lien is to ensure that the costs associated with environmental cleanup are accounted for and paid.
Information such as property details, environmental issue specifics, responsible party information, and cleanup cost estimates must be reported on the lien.
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