Future Advance/Revolving Credit Endorsement – (TLTA T-35)
The Future Advance/Revolving Credit Endorsement provides that the insured lien is not invalid, unenforceable, and no loss of priority due to provisions in the loan providing for future advances on a revolving line of credit. It also provides that subsequent loan advances are secured by the insured mortgage and will have the same priority as advances made at the date of the policy, subject to certain specific excluded matters.
