Endorsement 15-06 Non-Imputation is used when:

Endorsement 15-06 Non-Imputation is specifically utilized in situations where all ownership interests in a property are transferred to a new party. This endorsement serves to protect the lender by ensuring that the new owner does not inherit any title defects or issues that may have existed prior to the transfer. It essentially offers a clean slate for the new owner, affirming that they are acquiring the property without any encumbrances or liabilities that might have been attached to the previous ownership.

When the endorsement is issued, it confirms that the title insurance policy covers the new owner without making them responsible for any prior claims or defects that could affect the title. This is particularly important in transactions where comprehensive title protection is essential for the new owner to confidently proceed with the purchase. The endorsement aligns with the intention of providing title insurance that assures the new owner of their rights and interests in the property, free from previous claims.

In summary, Endorsement 15-06 Non-Imputation is appropriate and effective in cases where there is a complete transfer of ownership, thereby ensuring the new owner has full protection under the title insurance policy.