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Item 23 - Real Estate Title and Escrow Services
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03/02/2021 Regular
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Item 23 - Real Estate Title and Escrow Services
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4/10/2024 1:51:18 PM
Creation date
8/22/2023 7:48:17 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
3/2/2021
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CHICAGO TITLE INSURANCE COMPANY <br />CLTA NO. <br />DESCRIPTION <br />POLICY <br />FORM <br />CHARGE <br />(Percentage of <br />applicable Base <br />Rate unless <br />otherwise indicated) <br />137.2-06 <br />Construction Loan, Loss of <br />tender: <br />(ALTA 32.2-06) <br />Priority, Insured's Direct <br />Extended <br />Pricing is <br />Payment (Lender) <br />commensurate with <br />the loss of priority <br />risk and the <br />issuance of these <br />forms must be <br />authorized in writing <br />by State or Regional <br />Underwriting <br />Counsel or higher <br />per Company's <br />underwriting <br />requirements prior <br />to closing. (Note: <br />This endorsement <br />requires a general <br />ML exception and a <br />special Schedule B <br />Exception regarding <br />Definition of <br />Mechanics' Lien <br />Limit in the <br />Preliminary report, <br />title commitment <br />and policy.) <br />102 <br />State of California <br />Effective: AugUst 22, 2018 <br />
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