Get Over Limits Approval Form - Stewart

The Over Limits Approval Form - Stewart is designed for users needing to request approval for policies that exceed their designated underwriting limits. This guide provides detailed, step-by-step instructions to help you complete the form efficiently and accurately, ensuring a smooth approval process.

Follow the steps to fill out the Over Limits Approval Form - Stewart online.

1. Press the ‘Get Form’ button to access the Over Limits Approval Form and open it in your document editor.
2. Begin by entering the date of your request at the top of the form.
3. In the 'From' field, write down the name of the person or department submitting the request.
4. In the 'To' field, note the intended recipient, which should be the authorized underwriting personnel.
5. Specify the subject of the form in the 'Re:' section, indicating that this is a request for approval for an Over Limits Policy.
6. Fill in the title examined along with the starter or prior examination details in the appropriate fields.
7. Indicate the interest to be insured, such as fee, lease, easement, or option, in the relevant section.
8. Provide the policy form and type requested, including examples where necessary, before moving to the next field.
9. In the transaction description field, clearly outline the transaction details and the purpose of financing.
10. Address whether the land abuts an open, dedicated road by selecting 'Yes' or 'No'.
11. Confirm if the priority of the insured lien will be based on a subordination agreement, attaching necessary documentation.
12. Describe the type of property involved, whether it be apartments, offices, or another type.
13. Summarize the authority of the seller or borrower, referencing any needed approvals or agreements.
14. If the transaction pertains to recent construction, indicate proof of payment and any associated documents.
15. Clarify if this transaction is a construction loan and whether mechanic's lien coverage will be granted.
16. List any endorsements requested and attach documentation if necessary.
17. Identify any unusual risks or affirmative coverages associated with the transaction.
18. Once all fields are completed, sign and date the form as the title examiner or chief title officer.
19. If necessary, obtain the underwriter personnel's signature, and ensure any additional underwriters sign where needed.
20. Finally, review all the information for accuracy, then save changes, download, or print the completed form for submission.

Complete the Over Limits Approval Form online today to ensure timely processing of your request.