Page 120 - ALTA Endorsements Guide
P. 120
ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS
ALTA 15.2-06
Non-Imputation - Partial Equity Transfer
The ALTA 15.2 is used when the Owner’s Policy specifically names the new investor as the “Insured”
in paragraph 1 of Schedule A of its own policy. This endorsement provides assurance that liability
under the policy will not be denied on the grounds that the insured had knowledge of adverse
matters imputed to it, by operation of law, through existing, former, or departing members or
partners, or individuals (“equity owners”) associated with corporations, lenders, or borrowers,
respectively. This endorsement is only available for owner’s policies.
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