Other Requirements

Homium’s mortgage will be registered with MERS and will be close and funded naming MERS as original mortgagee of record, solely as nominee for Homium named in the security instrument and the note, and Homium’s successors and assigns, then the "insured mortgage" covered by the title insurance policy must be identified in the title insurance policy as the security instrument given to MERS, solely as nominee for the lender and lender's successors and assigns. However, under no circumstances may MERS be named as the insured of a title policy.

The title insurance coverage must include an environmental protection lien endorsement (ALTA 8.1 Environmental Protection Lien Endorsement or equivalent state form that provides the required coverage).

References are to the ALTA form of endorsement, but state forms may be used as described in Terms of Coverage. As an alternative to endorsements, the requisite protections may be incorporated into the policy.

Title policies may not include the creditors’ rights exclusion language that ALTA adopted in 1990.