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ENDORSEMENT ATTACHED TO POLICY NUMBER ISSUED File No.: Charge: 1. Covered Risk 11(a) of this policy is deleted. 2. The insurance for Construction Loan Advances added by Section 3 of this endorsement
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What is Construction Loan Advance, shall mean an advance that constitutes Indebtedness made on or before Date of Coverage for the purpose of financing in whole or in part the construction of improvements on the Land Form?

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Construction loan advance shall is a requirement in the construction industry where the lender provides funding in incremental amounts as the project progresses.
Contractors, builders, developers, or any party involved in a construction project may be required to file construction loan advance shall depending on the lender's requirements.
To fill out construction loan advance shall, the party responsible must provide detailed information about the project progress, expenses, and any other relevant details as specified by the lender.
The purpose of construction loan advance shall is to ensure that the project is meeting milestones and that the funds are being used appropriately according to the construction loan agreement.
Information such as project progress, expenses incurred, materials purchased, labor costs, and any other relevant financial details must be reported on construction loan advance shall.
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