Author: Roger Therien

State: California

Form:		CLTA Form 104.1	Date: January 1, 1997

Subject:	Provides indemnification to a Lender for failure to transfer the beneficial interest of the insured mortgage by a valid assignment and for recorded reconveyances, modifications or subordinations of the insured mortgage. It may be issued with an ALTA or CLTA Policy.

	NOTE: THIS ENDORSEMENT SHALL NOT BE ISSUED IN SITUATIONS WHERE EITHER THE ASSIGNOR OR ASSIGNEE IS OTHER THAN AN INSTITUTIONAL LENDER (i.e., BANK, SAVINGS & LOAN ASSOCIATION, CREDIT UNION, INSURANCE COMPANY OR NATIONAL MORTGAGE BANKING COMPANY SUCH AS COUNTRYWIDE FUNDING) WITHOUT THE APPROVAL OF AN ADVISORY TITLE OFFICER, BRANCH COUNSEL OR THE UNDERWRITING DEPARTMENT. SUGGEST THE CLTA FROM 104.10 ENDORSEMENT AS AN ALTERNATIVE TO NON-INSTITUTIONAL LENDERS.

Requirements for Issuance:

1.	Confirm in writing from the Assignor that the Assignment is a full assignment and is not intended as collateral security; and

2.	Obtain a written statement from the Insured-Assignee that the Assignor has delivered the promissory note to the Insured-Assignee and has endorsed it in his favor; if the Assignor is other than an institutional lender, inspect the original promissory note to confirm fact of endorsement and that there are no conflicting endorsements thereon; and

3.	If the Assignor is to continue to collect payments from the trustor pursuant to a servicing agreement with the Assignee, obtain and review a copy of the servicing agreement; and

4.	Review Assignment of Deed of Trust to be recorded prior to issuance of the Endorsement to confirm that it is regular in form, purports to be a full assignment and is properly executed by the Assignor; and

6.	Review title update and General Index under name of Assignor, or any intervening holders of the Promissory Note, to confirm that there are no federal or state tax liens, bankruptcy or incompetency proceedings which would be liens on the Note itself or affect the validity of the Assignment; and

7.	Review title update to confirm that there is no reconveyance, modification or subordination of the insured mortgage; and

8.	Obtain approval from an advisory title officer, branch counsel or the Underwriting Department if there is to be more than one Assignee, excluding a husband and wife (so long as the married couple is the only assignee) and institutional lenders.

Preparation Instructions:

A.	Insert name of Assignee as the Insured and the paragraph and Schedule where the insured mortgage is described in the Policy.