The Florida Office of Insurance Regulation has completed the process of reviewing and approving revised ALTA Series 14 Endorsements for use in Florida by all title agents. However, these revised endorsements will not be available for use until on and after August 1, 2012. As part of this regulatory process, the ALTA 14.1-06 Future Advance Knowledge Endorsement is being withdrawn as an approved and available endorsement.
Until the revised ALTA Series 14 Endorsements become available, Fund members should not issue any of the current Series 14 Endorsements without obtaining prior approval from Fund Underwriting Counsel.
The Endorsements affected by this action are:
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ALTA 14.0-06 Future Advance Priority
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ALTA 14.1-06 Future Advance Knowledge
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ALTA 14.2-06 Future Advance Letter of Credit
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ALTA 14.3-06 Future Advance Reverse Mortgage
** This Alert should be kept as a permanent part of your records to assist in your compliance with the requirements contained herein. **
Please provide a copy of this Alert to your staff so they can read it and become aware of its contents.
Should you have any questions please call The Fund's Underwriting Department at 800-432-9594 or send an E-mail to: underwriting@thefund.com.