Residential Limited Coverage Junior Mortgagee Policy Downdate Endorsement – (TLTA T-45)
The Residential Limited Coverage Junior Mortgagee Policy (T-44) provides limited coverage to lenders on second mortgages. This downdate endorsement extends the effective date of the Residential Limited Coverage Junior Mortgagee Policy, and in some situations, increases the liability amount under the policy to reflect the amount actually disbursed on construction loan.
RESIDENTIAL LIMITED COVERAGE JUNIOR MORTGAGEE POLICY DOWN ENDORSEMENT T-45 TLTA T-45