Security Title Endorsement Guide
ASSIGNMENT OF MORTGAGE ALTA 10-06 (02-03-10) AND 10.1-06 (02-03-10)
The ALTA 10-06 endorsement insures the effectiveness of the assignment of the Insured
Mortgage and that there have been no releases or reconveyances placed of record other than as
shown. The ALTA 10.1-06 provides the same coverage as the 10-06 and gives additional
coverage over only certain matters occurring after the original Date of Policy and before the Date
of Endorsement, which is a defined term within the endorsement.
The policy is modified by naming the assignee under the assignment as the Insured. The
endorsement provides additional affirmative coverage against the ineffectiveness of the
assignment and the effect of any full or partial releases or reconveyances recorded after the Date
of Policy and before the Date of Endorsement. In addition, the ALTA 10.1-06 provides coverage
for the matters described above. Both forms of endorsement are conditioned upon the proper
delivery and endorsement of the underlying notes.
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