Bulletin: NM000006

Date:
May 31, 2000
To:
All Issuing Offices in New Mexico
RE:
New Rules, Rates and Forms Effective May 15, 2000

Dear Associates:

1999 Hearing

The Superintendent adopted new endorsements and rates pursuant to the 1999 Annual Hearing.

The agent commission was not changed.

The Original Owner's Rates have been reduced by 2.7%. You may secure Rate Cards and the new endorsement forms from Stewart Forms and Information at 1-800-729-1901.

The premium for all $32 fixed rate endorsements has been reduced to $25.

The Superintendent adopted four new endorsements:

NM
51: Land Abuts Street - Premium $25 - Transaction Code 67

NM
52: Designation of Improvements, Address - Premium $25 - Transaction Code 68

NM
53: Same as Survey - Premium $25 - Transaction Code 69

NM
54: Contiguity of Parcels - Premium $100 - Transaction Code 70

All changes are effective May 15, 2000.

The New Endorsements and Guidelines are available through the references section at the end of this bulletin.

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:
NM Form 51 Land Abuts Street Endorsement
 
NM Form 52 Location Endorsement (ALTA 22-06, Rev. 2006)
 
NM Form 54 Contiguity - Single Parcel Endorsement (ALTA Form 19.1-06, Rev. 2006)