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21 Αυγ 2023 · As their interests may appear (ATIMA) is a legal concept that refers to two or more entities that are linked to one another via shared interests. The purpose of an ATIMA is to extend...
16 Νοε 2023 · ISAOA ATIMA stands for "Its Successors And/Or Assigns As Their Interests May Appear" and is a key clause in mortgage documents. It ensures that the lender's interest is protected if the loan is sold or transferred and that the insurance payouts are clear.
ATIMA stands for "as their interests may appear" and is a phrase used in insurance policies and endorsements to expand coverage to include other parties. Learn how ATIMA is used in fire and builders risk policies and its potential drawbacks.
ISAOA/ATIMA Meaning. ISAOA ATIMA means its successors and/or assigns as their interests may appear. This term is commonly used on the mortgagee clause by loan originators (lenders) who may choose to sell the loan to another entity or assign servicing rights to a 3rd party servicer.
The phrase "as their interests may appear" is common enough in the insurance game to get shortened to the initials ATIMA when they are referenced. The provision gives third parties the right to get included in the coverage, at least as far as their interests may appear.
ISAOA/ATIMA is a legal term that indicates the name and address of the lender or the entity that holds a lien on your property. Learn what it means, how to find it, and why it is important for your insurance policy.
Definition: ATIMA is a short way of saying "As their interests may appear." This phrase is often used in insurance policies to show that the person who is named in the policy has some kind of interest in the property that is being insured.
