Changes have been made to the New Jersey Rate Manual effective February 15, 2015. Two of these changes include the long awaited introduction of the ALTA 8.2 Commercial Environmental Protection Lien Endorsement along with a new Survey (Without Survey) Endorsement for Condominiums.
10.97 Survey Endorsement (Without Survey) For Residential Condominiums
The charge for issuance with a loan or owner's policy is $25. This endorsement provides for issuance of a survey endorsement without survey for residential condominiums and co-ops. In the case of simultaneously issued policies, only a single charge for this endorsement shall be made.
10.98 ALTA 8.2-06 - COMMERCIAL ENVIRONMENTAL PROTECTION LIEN
The charge for the issuance of this endorsement shall be $100.00. This endorsement provides limited environmental coverage for the insured lender when land is being used primarily for commercial purposes to the extent that it protects the mortgage priority against any environmental protection liens of record as of the Date of Policy.