Guideline: NM 64.1 – Zoning – Unimproved Land – No Applicable Zoning Ordinances Endorsement

Explanation:

This endorsement to the Loan or Owner's Policy provides insurance that there is no applicable zoning classification or other similar laws applicable to the use of the land. It is designed for issuance on unimproved property. This endorsement cannot be issued on 1-4 family residential property. 

Underwriting Requirements:

1.   Secure and review a written certification from the applicable county or municipal authority that there is no zoning classification applicable to the insured property.

2.   If possible, confirm the lack of any zoning classification by review of county or municipal maps or by requiring that the survey state that there is no applicable zoning classification.

3.  If the lack of a zoning classification is based upon an exception, variance, or prior authorized nonconforming use, consult with our underwriting personnel.

4.  Do not issue this endorsement if there is any zoning law or similar law governing the use of the property, and please consult with our underwriting personnel if you find or aware of laws that may operate like a zoning law.

5.  You must obtain written underwriter authorization to issue this endorsement and you must retain such written authorization for not less than two (2) years following issuance of the endorsement.

6.  The cost of this endorsement is 15% of the full Basic Premium Rate and the minimum charge is $250.