Page 184 - ALTA Endorsements Guide
P. 184
ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS
ALTA 29.2-06
Interest Rate Swap Endorsement – Direct Obligation – Defined Amount
The ALTA 29.2 provides coverage for loss or damage arising out of the invalidity, unenforceability,
or lack of priority of the lien of the Insured Mortgage as security for certain repayment obligations
under an interest rate exchange agreement (“Swap Obligation”). This endorsement is used when
the Insured Mortgage directly secures the Swap Obligation, and the lender requires an additional
amount of insurance dedicated to the coverage for the Swap Obligation. This endorsement is only
available for loan policies.
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