Explaining the Usury, Utility Access & Policy Authentication Endorsements
In this article, we are going to talk about the Usury, Utility Access & Policy Authentication Endorsements and how they can be utilized when underwriting a title insurance policy.
This Endorsement is created to address any concerns about a policy being issued with an electronic signature, rather than a “wet” or “live” signature. Historically, this has been called the “Electronic Signature Endorsement”
Utility Access Endorsement
This endorsement provides the insured owner or lender assurances that specified public utility services are available to the land.
This endorsement inures the insured lender against loss by reason of the invalidity or unenforceability of the insured mortgage due to a determination that the loan transaction is usurious under the laws of the state where the property is located.
Commercial Partners Title in Minneapolis, MN
At Commercial Partners Title Company, our team has decades of experience facilitating commercial transactions of all shapes and sizes. We have the experience and the knowledge to ensure that your commercial transaction is a success! Reach out to our experts today at our Minneapolis office to learn more about how we can help you with your next commercial transaction.