Bulletin: WA000043

Date:
July 28, 1999
To:
All Washington State Offices and Agents
RE:
Proposed Endorsement Filing

Dear Associates:

I propose to file the attached endorsement schedule and all endorsements included therein that have not been previously filed.

If you would like a deviation from the rates for your County, please call me or fax me and let me know.

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.

EXHIBIT

SECTION V

ENDORSEMENTS

 

 

Endorsement Charge

Form No Covers Attached to (% of General Schedule Rate)
100 Violation of Restrictions ECLP No Charge Encroachments, etc.
100.12 Right of enforcement ECLP $10 per issue reduced to $5 Reverter Rights inper issue on tracts of 3 or CC&R more issued concurrently
100.13 Upkeep assessments SCLP Same as 100.12 above subordinate ECLP
100.17 Modification of All policies   Minimum: $50 restrictions Maximum: $20%
100.29 Damage by exercise of SCOP, ECOP Minimum: $50 rights under mineralSCLP0-30% depending on risk reservationsECLPNo charge
100.30 Mineral Rights, damage SCLP 0-30%, depending on risk ECLP
101 Mechanic's lien priority SCLP 10%
101.3 Mechanic's lien ECLP, ECOP 10% No notice of completion
101.4 Mechanic's lien SCOP 20%
101.6 Mechanic's lien not recorded All policies $10
102.4 Foundation-no-violations ECLP No charge
102.5 Encroachments by foundation ECLP Minimum: $25 - Maximum: 0-15%
102.7 Foundation - No violation SCLP, ECLP 10%-Minimum $10.00 NOTE: On portion of loan No encroachments onto applicable to the land covered Easements or adjoining land described in policy
103.1 Damage from use or maintenance of easements ECLP, SCLP No charge (ECLP), 10% (SCLP)
103.3 Easements, removal of improvements ECLP, SCLP No charge (ECLP), 10% (SCLP)
103.4 Easements - ingress and egress All policies Minimum: $50 - Maximum: 20%
103.6 Specific easements - no encroachments ECLP, SCLP Minimum: $50 - Maximum: 20%
103.7 Land abuts on existing street ECOP, SCOP No charge (ECOP) 20% Minimum: $10 - Maximum: $100 (SCOP)
104 Assignment of beneficial interest ECLP No charge within 1 year; If over 1 year 20%
104.5 Validity and priority SCLP, ECLP $10.00 per issue. Must be issued concurrently with policy
104.7 Validity and priority SCLP, ECLP $10.00 per issue. Must be issued concurrently with policy
107.2 Increased liability All policies Insurance rate applicable for the increased liability assumed in excess of the amount shown of the existing policy
108 Additional advance ECLP, SCLP 50%, minimum: $50 If original policy is ALTA - 15% of general schedule additional with minimum of $50. If original policy is Standard and endorsement is ALTA, additional charge of 30% of general schedule, Minimum: $200
110.1 Encumbrance deleted SCOP, ECOP 20% based on amount of policy Maximum: $100 (SCOP, ECOP) 10% based on amount of policy Maximum: $100 (SCLP, ECLP)
110.5 Modification of Deed of Trust ECLP Minimum: $100 - Maximum: 30%
110.5A Modification of Deed of Trust ECLP $35
110.6 Modification of Deed of Trust ECLP Minimum: $100 - Maximum: 20%
110.7 Enforcement of lien All policies No charge
111 Partial reconveyance ECLP 10% based on balance of loan, Minimum: $75
111.2 Subordinatation agreement SCLP, ECLP 10% if attached with issuance of the policy Maximum: $500 20% if attached after issuance of the policy Maximum: $500
111.5 Variable rate mortgage (State chartered lenders) ECLP No charge
111.6 Variable rate mortgage (Federal lenders) ECLP No charge
111.7 Variable rate mortgage ECLP No charge if policy issued for Negative Amortizationloan amount. May be attached to a policy in an amount not to exceed 125% of the loan amount. Additional liability will be computed at the applicable rate
111.8 Variable rate mortgage SCLP, ECLP No charge
111.9 FNMAValidity priority, Balloon Mortgage enforceability ECLP No charge
115 Condominium All policies No charge
115.1 Condominium ECLP No charge
116 Designation of Improvements (address) ECLP No charge
116.2 Modification of 116 to cover condominiums ECLP No charge
116.4 Contiguous parcels SCOP, SCLP, ECOP, ECLP 20%; Maximum: $500 (SCOP), 10%; Maximum: $500 (SCLP), No charge if parcels fully searched and insured as a part of said policy, otherwise the charge will be 20% for an owner's policy and 10% for a lenders policy, maximum $500
122 Priority of advances intervening matters ECLP, SCLP $35
122.1 Priority of advances intervening matters ECLP; SCLP $35
123.1 Compliance with zoning (ALTA Form3 Vacant Land) All Policies Minimum: $50 Minimum: 25%
123.2 Compliance with zoning (ALTA Form 3.1Improved) All Policies Minimum: $50 Minimum: 25%
126.1 Homeowner's Protection (1-4 family residence only) SCOP No charge
126.2 Homeowner's protection (Condominium) SCOP No charge
HO-1 Owner's inflation SCOP, ECOP No charge
ALTA Form A Construction loan ECLP, SCLP $50
ALTA Form C Construction loan ECLP, SCLP $35
ALTA Form 1 Street Assessments ECLP, SCLP $10.00
ALTA Form 2 Truth in lending ECLP, SCLP No charge
ALTA Form 3 Zoning, vacant land   See 123.1 above
ALTA Form 3.1 Zoning, completed structure   See 123.2 above
ALTA Form 4 Violations relating to Condominium environmental matters ECLP, SCLP No charge
ALTA Form 4.1 Super Priority Condominium ECLP, SCLP No charge
ALTA Form 5 Violations relating to PUDEnvironmental matters ECLP, SCLP No charge
ALTA Form 5.1 Common ownership PUDAssessment liens ECLP, SCLP No charge
ALTA Form 6 Variable Rate Mortgage ECLP No charge
ALTA Form 6.1 Variable Rate Mortgage, Regulations ECLP No charge
ALTA Form 6.2 Variable Rate Mortgage, Negative Amortization ECLP, SCLP No charge
ALTA Form 7 Manufactured Housing Endorsement SCLP, ECLP No charge
ALTA Form 8 Environmental protection Lien ECLP No charge
ALTA Form 8.1 Environmental protection Lien ECLP, SCLP No charge
ALTA Form 9 Restrictions, Encroachments, Minerals ECLP, SCLP 0-20% depending on risk
ALTA Form 10 Validity of assignment, No release of record
ECLP $0 within 1 year of policy, 20% of basic loan rate minimum $75.00 thereafter
ALTA Form 10.1 Validity of assignment, no release of record, ECLP $0 within 1 year of basic loan rate minimum taxes not due, mtg. has$75.00 thereafter priority and no fed tx liens or bncry of record
STG-1 Line of Credit ECLP, SCLP No charge
STG-2 Date Down ECLP, SCLP Minimum: $50 - Maximum: $250
STG-3 Fairway ECOP, SCOP 20%
STG-4 Non-Imputation with indemnity All policies Minimum: $250 - Maximum: 20%
STG-5 Subdivision map act All policies Minimum: $100 - Maximum: 10%
STG-6 Tax parcel All policies Maximum: $100
BFP Bona-Fide PurchasersFor use with Endorsement1970 ALTA Owner's Policy   $100
SEATTLE Intervening Lien ECLP 0-20%, depending on risk
MULTIPURPOSE Any and all matters SCOP, ECOP 0-100$, depending on risk
BLANK Any and all matters SCOP; ECOP 0-100%, depending on risk

Charges for other endorsements, which may be issued form time-to-time, will be based upon the risk and/or work involved.

SCOPStandard Coverage Owner's Policy
ECOPExtended Coverage Owner's Policy

SCLPStandard Coverage Loan Policy
ECLPExtended Coverage Loan Policy

References

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