Cost: $25.00 for the first loan policy. If additional loan policies are issued simultaneously, there is no additional charge for the endorsement on any other simultaneously issued loan policies.
When Needed: When property is located in a platted subdivision or a condominium unit. This endorsement may not be issued with a Condominium Endorsement (T-28).
Protects: Provides additional coverage to the lender with regard to restrictive covenants, homeowners association charges and assessments, encroachments and the exercise of rights of first refusal.