Page 292 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

ALTA 50

Residential Solar-Loan Policy

The ALTA 50 endorsement is intended to provide a lender with assurance that its mortgage lien will
not be impaired by rights granted to a third party under a solar lease, power purchase agreement,
or financing statement filed in the public records and excepted in Schedule B of the policy. The

endorsement coverage is limited in that it only provides coverage against loss or damage from a
final judicial determination that the recorded solar lease, power purchase agreement, or financing

statement is an estate or interest in the land or a lien affecting title.

The endorsement defines a “Solar Energy System” (“System”) as solar panels or shingles, and

appurtenant energy-related equipment located on the land as of the date of policy. The endorsement
does not cover any loss or damage or defense costs resulting from any rights to access the

System. There is no coverage for damages to or diminution in value of the land due to the existence,
installation, maintenance, or removal of the System on the land. The endorsement also does not
cover losses if the System isn’t part of the property covered by the insured mortgage or is not part of

the lender’s security interest. This endorsement is available only for loan policies and only when the
property is improved with a one-to-four family residence.

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