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ALTA Obligatory Advance Endorsement 122.2 ENDORSEMENT Attached to Policy No. Issued by STEWART TITLE GUARANTY COMPANY HEREIN CALLED THE COMPANY Based upon the representation of the insured that the
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How to fill out clta obligatory advance endorsement

01
Fill out the CLTA Obligatory Advance Endorsement form with your personal information, such as your name, address, and contact details.
02
Specify the details of the property involved, including the address, legal description, and any relevant document numbers.
03
Indicate the amount of the title insurance coverage requested for the obligatory advance.
04
Provide any additional information or instructions necessary for the endorsement.
05
Review the completed form for accuracy and completeness.
06
Sign and date the form, confirming your understanding and agreement with the terms and conditions.
07
Submit the filled-out CLTA Obligatory Advance Endorsement form to the appropriate party or entity.

Who needs clta obligatory advance endorsement?

01
Anyone who is involved in a real estate transaction and wants to protect their interest in an obligatory advance may need a CLTA Obligatory Advance Endorsement.
02
This may include individuals purchasing, refinancing, or acquiring a property that involves an obligatory advance, as well as lenders and mortgage companies providing financing for such transactions.
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CLTA obligatory advance endorsement is a type of endorsement that lenders may require borrowers to obtain in order to protect their loan advances prior to the recording of the mortgage or deed of trust.
The borrower is usually required to file CLTA obligatory advance endorsement as a condition of the loan agreement with the lender.
CLTA obligatory advance endorsement can be filled out by providing the necessary information about the loan advance, property, and borrower, as well as any other details required by the lender.
The purpose of CLTA obligatory advance endorsement is to protect the lender's interest in the loan advance by ensuring that it is given priority over any subsequent liens or claims on the property.
CLTA obligatory advance endorsement typically requires information about the loan advance amount, property address, borrower's name, and any other relevant details to establish the priority of the lender's lien.
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