ALTA 15-06
Non-Imputation Full Equity Transfer
This endorsement only available for a new owner's policy in favor of the current title vestee entity where 100% of the equity Interest is the vestee entity is being purchased and is most commonly used in commercial transactions.
The endorsement provides a partial waiver of Exclusions 3(a), (b), and 3(e) with regard to loss or damage that would otherwise be excluded on account of the action, inaction or Knowledge of certain specified persons in connection with the entity that is vested in Title. It treats the person(s) acquiring the equity interest in the vestee entity as though they were bona-fide purchasers, even though there is no transfer of Title, and tells the acquiring person(s) that coverage will not be denied for a matter known to the equity sellers but not known to the acquiring persons.
If less than 100% equity is being purchased, the ALTA 15.1-06 endorsement should be used.