Bankruptcy/Debtor-Creditor Rights Blog

FMNA AND CREDITOR’ RIGHTS ENDORSEMENTS

Posted February 10, 2010

Author: J. Alan Lewis

FNMA no longer requires creditors’ rights endorsements for loans it purchases and, if rumors can be trusted, the American Land Title Association will soon eliminate the ALTA 21 Creditors Rights Endorsement available for the 2006 and 1992 ALTA Loan Policies. Since the ability to transfer risk to a third party indemnitor (the title insurance company) may be gone, lenders must carefully review each commercial loan transaction and the parties behind it.

Click here (Ctrl + Click) for a Mitchell Williams E-Brief providing more detailed information. For further questions, please contact Alan Lewis at 479.464.5656 or jalewis@mwlaw.com.

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