top of page
(847) 870-7000
-
Who is the Certificate Holder?If there is a mortgage lender, the certificate holder is the lender. If it is a cash transaction, the purchaser is the certificate holder or can simply be made out to "CASH".
-
What is a mortgage clause?A mortgage clause is the name of the lender, the address, loan number, and often any additional legal language such as ATIMA and/or ISAOA. This information should be shown in the certificate holder.
-
Do I need a loan number to prepare the certificate?No. It isn't necessary, but is recommended for identifcation if there is a lender.
-
What information do I need if this is a cash transaction?The name of Association. The complete address, including unit number if applicable, and purchaser name.
-
Can an Association be located by address?No, the system may only find it by the Association name.
-
What if I am unable to find my association?Enter only the first several characters of the first word of the Association name.
Certificates of Insurance - Frequently Asked Questions
bottom of page