13.14.8.43 NMAC

Planned Unit Development Endorsements

Last amended: 2021Year: 2021Length: 179 wordsOfficial source
NM form 13 and NM form 13.1 may be attached to a policy, as applicable. Paragraph 1 of NM form 13 may be deleted at the option of the title insurer. [13.14.8.43 NMAC - N, 1/1/2021] 13.14.8.44 [RESERVED] [13.14.8.44 NMAC - N, 1/1/2021] 13.14.8.45 DOWN DATE ENDORSEMENT TO RESIDENTIAL LIMITED COVERAGE JUNIOR LOAN POLICY JR 1: A. NM form 46 may be issued one or more times after issuance of NM form 45. B. NM form 46 may not be issued more than one year after the date of policy stated in NM form 45. C. Upon request of the named insured and the proper recording of all necessary documents meeting the title insurer’s underwriting standards, the amount of the loan secured by the insured’s mortgage insurance previously stated in NM form 45 may be increased by adding a Paragraph D, which shall read as follows: “D. The amount of insurance of the policy is hereby amended to be $____,” subject to the payment of the applicable premium, for the additional insurance. [13.14.8.45 NMAC - N, 1/1/2021] 13.14.8.46 [RESERVED]
13.14.8.43 NMAC: Planned Unit Development Endorsements | Justis AI