- May 25, 1998
- All Issuing Offices in Pennsylvania
- Court Approved Notice to Pennsylvania Agents
CHRISTINE A. BOYLAN, et al,:COURT OF COMMON PLEAS
COUNTY OF PHILADELPHIA
FEBRUARY TERM, 1996
THE CITY OF PHILADELPHIA, et al.,:NO. 96-02-SD-0063
Defendants:JURY TRIAL DEMANDED
COURT-APPROVED NOTICE TO AGENTS
Pursuant to Court Order, effective May 25, 1998, you are required to disclose on a separate line of the HUD-1 settlement sheet in any transaction involving Pennsylvania real estate the amount of any recording service charge or any other recording charge to be paid by the customer in excess of the "Estimated Recording Fee or Fees". For purposes of this requirement, the term "Estimated Recording Fee or Fees" refers to the total recording fee or fees that you in good faith estimate will be charged by the Recorder of Deeds, the Department of Records of other comparable public official for recording the customer's documents.
If you do charge the customer for recording service charges in excess of $10.00 per document, then you are required to report that recording service charge to the Pennsylvania Department of Insurance in accordance with Section 7.6 of the Rate Manual.
If you fail to follow this directive, you may subject yourself to liability.
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.