Author: Roger Therien

State:  California

Form:		CLTA Form 102.4	Date:  January 1, 1993
CLTA Form 102.5
CLTA Form 102.6
CLTA Form 102.7

Subject:	These Endorsements provide coverage for a Lender relating to location of the foundation of improvements under construction.  The 102.6 and 102.7 Endorsements are limited in dollar liability (i.e., portion of policy amount allocated to specified parcel) and to particular land described in the Endorsement.  These Endorsements may be issued to a Lender with an ALTA or CLTA Policy insuring a Lender only.

Requirements for Issuance:

1.	Obtain inspection to confirm that the foundation lies within the land's boundaries and that its location does not violate covenants, conditions and restrictions [CC&Rs] shown in Schedule B; and

2.	If issuing the 102.5 or 102.7 Endorsement, confirm by review of inspection that foundation does not encroach onto easements shown in Schedule B.

Preparation Instructions:

A.	Insert paragraph and Schedule where insured mortgage is described in the Policy; and

B.	[102.6, 102.7] Include description of specific parcel and dollar liability amount.