Bulletin: NJ000103

Date:
May 24, 2005
To:
All Issuing Offices in New Jersey
RE:
Ocean City, Cape May County, NJ- Ripian Claim Issue

Dear Associates:

Please take note that the subdivision developed by Ocean City Homes, Inc. in the late 1970's/early 1980's within Ocean City, Cape May County, New Jersey has numerous riparian claims.  You may not rely on the Riparian Grant recorded in Book 1397 at page 95 as conveying the State's interest in the lands developed by Ocean City Homes, Inc. 

When asked to insure properties in Ocean City within the subdivision of Ocean City Homes including filed map No. 956, you must do a riparian search of the properties or seek approval of the state office before insuring.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None