Chicago Title Endorsement Handbook - Chicago, IL

Non-ALTA 2006 • 281 ARBITRATION ENDORSEMENT Arbitration Endorsement is available for loan policies. This endorsement removes the title company’s right to demand arbitration, as set forth in Section 13 (Arbitration) of the Conditions of the loan policy, when a dispute arises between the title company and its insured regarding a title policy that was issued in the amount of $2,000,000.00 or less. A similar endorsement amending Section 14 (Arbitration) of the Conditions of the owner’s policy is available to an owner. Arbitration Endorsement