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01/26/2010 

To:  All Agents and Approved Attorneys
 
RE:  
Creditors Rights Coverage/ ALTA 21 Endorsements

                        

IMPORTANT - PLEASE REVIEW IMMEDIATELY
 
                        Please be reminded that any requests for policies which involve any form of creditor's rights coverage or Creditors Rights Endorsements must be approved in writing by a company underwriter counsel.
 
            This includes Endorsements to existing loan policies in which creditor's rights coverage has already been provided-the most common example is an Endorsement to a loan policy which insures the modification of an existing insure mortgage.
 
            Issuance of any form of creditor's rights coverage or Creditors Right Endorsement constitutes an extra hazardous risk; therefore, it is very important that the company consider each request for the coverage.
 
            Thank you for your attention to these matters and do not hesitate to contact me if you have any questions.
 
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