Page 13 - CTT Summary of CA Endorsements
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CLTAFORM 122.4
Provides insured ALTA Construction Loan Policy lender with assuranceconcerningobligatory advance under the insured mortgage; liability increased by amount of advance.
CLTAFORM 123.1
(ALTAFORM 3)
Provides insured ALTA owner or lender with assur- ance concerning the zoning classification of the land, and the broad, allowable use or uses under that clas- sification.
CLTA FORM 123.2
(ALTAFORM 3.1) ProvidesinsuredALTAownerorlenderwithassur- ance concerning the zoning classification of the land, thebroadallowableuseorusesunderthatclassifica- tionand,withrespecttotheexistingstructureonthe land, limited coverage concerning compliance with applicable provisions of the applicable zoning ordi- nance.
CLTA FORM 124.1
Provides insured owner or lender with assurances concerningaffirmativeand/ornegativecovenantscon- tained in a deed or agreement between landowners.
CLTA FORM 124.2
Provides insured owner or lender with assurances concerning affirmative covenants contained in a lease.
CLTA FORM 124.3
Provides insured owner or lender with assurances concerningnegative covenants containedin a lease.
CLTAFORM 125
Provides coverage for the insuredALTAlender against lossbyreasonofajudicialdeterminationthat(a) the insured mortgage lien (or the lender's title after foreclosure) has been defeated by a valid exercise of theright ofrescissionconferredby the federalTruth in Lending Act, and that (b) such right of rescission existed because neither the loan transaction nor the right ofrescissionthereofwasexemptedor excepted by the provisions of Regulation Z.
CLTA FORM 126.1
Provides coverage for insured CLTA owner of a one- to-four family residence against defined loss by rea- sonoflackofaright ofaccess,rights toliens for ser- vices, labor or material, encroachments, zoning and restrictions violations, and surface entry for mineral development.
CLTA FORM 126.2
Provides coverageforinsuredCLTAfeeownerofa residentialcondominiumagainstdefinedlossconcern- ing the separate assessment of taxes,lack of a right of access, rights to liens for services, labor or mate- rial, encroachments, zoning and restrictions viola- tions, and surface entry for mineral development.
