Author: Roger Therien
Company: Dell - Personal Systems Group

State: California
Date: July 26, 2004
Form:		CLTA Form 131
		ALTA Form 21

Subject:	Creditor’s Rights

Underwriting counsel approval is necessary to issue this endorsement.

This endorsement insures against loss if the title or lien of the insured mortgage, as insured, is held by a court to be invalid under bankruptcy, state insolvency or similar creditors' rights laws because reasonable equivalent value was not paid for the interest created in the insured transaction or the lien of the insured mortgage is ruled to be a preferential transfer.