Explaining the Title Insurance Usury Endorsement

09/09/2024 11:31 AM Mark Goodman

The usury endorsement is just one of many endorsements that can be used in commercial title insurance. In this article, we are going to explain the usury endorsement and discuss when it can be used when underwriting title insurance.

Usury Endorsement

The usury endorsement inures the insured lender against loss by reason of the invalidity or unenforceability of the insured mortgage due to a determination that the loan transaction is usurious under the laws of the state where the property is located.

This endorsement is available in a lender’s policy but not an owner’s policy.

Commercial Partners Title Company – Your Go-To Guide for Title Insurance Matters

Commercial Partners Title Company is your go-to guide for all things relating to commercial title insurance. We have helped countless others just like you through the ins and outs of their commercial transactions. With decades of experience at our back, we are well-suited to meet the needs of your commercial transaction – no matter how complex. Reach out to our expert team today for help with your next commercial real estate transaction. We are ready and waiting to help your transaction through closing and beyond.