Definitions for "Lender's Policy"
Keywords:  alta, policy, title, fault, priority
Protection for the mortgage holder, so that if there is a fault in title that results in a loss, the mortgage company will be paid back. Click here to learn more about the lender's policy in title insurance.
A form of title insurance policy which insures the validity, enforceability and priority of a lender's lien. This form does not provide protection for the owner.
A title insurance policy issued by a title company to protect a mortgage lender's interest in property. This policy does not protect an owner's interest. (See Owner's Policy)