Security Title Endorsement Guide

ASSIGNMENT OF RENTS OR LEASES

ALTA 37-06 (12-03-12)

Lenders occasionally request that the loan policy insure certain recorded interests that are taken

as additional security for the loan primarily secured by the Insured Mortgage. The most common

additional security, other than a security interest under the Uniform Commercial Code, is an

assignment of rents or leases.

This endorsement is issued to provide certain coverages with respect to a separate assignment of

rents or leases shown in Schedule B, Part II of the policy. This endorsement provides insurance

that the assignment of rents or leases is properly executed, and that the Public Records do not

disclose any prior assignments of these same rents or leases.

These endorsements do not amend or modify any specific policy provisions, but add additional

coverage to the terms of the policy.

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