Bulletin: SC000002

Date:
June 01, 1994
To:
All South Carolina Agents
RE:
Approved Attorney Procedures

Dear Associates:

When an agent is issuing title insurance based upon an attorney's certificate of title, it is necessary that the agent contact the District Office to ascertain whether the certifying attorney has been approved by STGC. If the attorney has not been approved, the District Office will be pleased to provide to you the application for approval form. It is imperative that all attorneys for whom you are writing title insurance be approved.

The agent should be cautioned that, occasionally, a particular attorney may be deleted from the approved attorney list. Therefore, you should determine the status of an attorney although you have previously ascertained that the attorney was approved.

To issue a title insurance commitment or policy, you should require the following:

a. Attorney's Preliminary Certificate of Title on STG form, which may be obtained from the District Office.

b. If coverage as to matters of survey is required, obtain a current survey and copy of restrictive covenants. It is the agent's responsibility to do this underwriting function.

c. If the approved attorney is doing the settlement, you should provide the attorney with the following forms for execution as closing: i) Affidavit as to Debts and Liens, and ii) Notice of availability of Owner's coverage (Form SC 39-3)

d. After closing and recordation of documents, the Attorney's Final Certificate of Title on the STG form.

Insured closing letters will be issued only on a transactional basis for approved attorneys.

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