Collateral Assignment of Mortgage – (CLTA 104.11-06, LTAA 27)

Provides coverage to a Lender in the event that the insured mortgage has not been collaterally assigned, or in the event that there are recorded reconveyances, modifications or subordinations of the insured mortgage. Liability is limited to the amount set forth in the endorsement. This endorsement expressly excludes loss resulting from the lack of possession of the original promissory note secured by the insured mortgage or the absence of proper endorsement of the note to the assignee.

clta104.11-06 CLTA 104.11-06,
LTAA 27