When a mortgage or leasehold modification or extension agreement is executed, the underwriting charge for an endorsement to the existing policy or a new policy insuring the modification or extension agreement shall be based upon the following rates up to the amount of the mortgage or lease being modified, provided that the loan being modified or extended is not a construction loan, and the property is identical to or included within the property previously insured.
|Policy Liability||Rate per $1,000 or Fraction Thereof|
|$0 - $100,000||$1.75|
|$100,001 - $500,000||add $1.50|
|$500,001 - $2 million||add $1.25|
|Over $2 million||add $1.00|