Page 26 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

ALTA 5.1-06

Planned Unit Development - Current Assessments

The coverage provided under the ALTA 5.1 is similar to the coverage under the ALTA 5 endorsement
except as to the coverage in section 2. In the ALTA 5.1, section 2 only provides coverage with respect
to homeowners’ association charges or assessments due and unpaid at the Date of Policy. It is

intended for use with improved residential property that constitutes a planned unit development
or is subject to a homeowner’s association or other recorded master agreement, but also may be

requested on commercial properties if there is an association or master agreement that provide for
assessments. The coverage provided by this form may not be available in all states due to certain
lien priority laws and other state laws prohibiting certain coverages. This endorsement is available

for owner’s and loan policies.

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