Construction Loan – Loss of Priority – Insured’s Direct Payment – (ALTA 32.2-06, CLTA 137.2-06)

Loan Policy. Deletes Covered Risk 11(a) from the policy. Coverage same as 32-06, except that this endorsement also covers against loss of priority caused by any unfiled mechanic’s lien but only to the extent the direct payment to the mechanic’s lien claimant has been made by the insured or on the insured’s behalf on or before date of coverage.

ALTA_32.2-06_Endorsement[1] ALTA 32.2-06,
CLTA 137.2-06