Security Title Endorsement Guide
MORTGAGE TAX
ALTA ENDORSEMENT - FORM 38-06
This endorsement provides coverage to the insured lender if there is a deficiency in the
recordation tax paid at the time the Insured Mortgage is recorded that is subsequently paid. The
endorsement provides that, if the deficiency is paid, the Company will provide coverage against
the invalidity or unenforceability of the Insured Mortgage or the lack of priority of the Insured
Mortgage, from the failure to pay at the time of recording any portion of the recording tax. The
Company does not provide coverage if the insured lender fails to pay the recordation tax
deficiency.
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