Which endorsement would be used for loans involving revolving credit?

The choice of Endorsement 14-06 Future Advance - Priority, TIRBOP 1530 is appropriate for loans involving revolving credit because it specifically addresses situations where additional advances on a loan may occur after the initial loan is made. This type of endorsement ensures that the lender maintains priority for all future advances, which is crucial in revolving credit scenarios, such as home equity lines of credit.

In the context of revolving credit, where the borrower may draw funds multiple times over the life of the credit line, the endorsement's purpose is to secure the lender's position against other potential encumbrances that could arise. This means that even if the borrower uses the credit line in the future, the lender's priority is preserved, thereby protecting their interest in the property.

Other endorsements, such as those related to leasehold interests, variable rate mortgages, or construction loans, do not cater specifically to the characteristics of revolving credit. They address different aspects of lending and property interests but do not provide the necessary protection in cases where multiple advances on the maximum credit limit are commonplace.