- December 20, 2000
- All Issuing Offices
- Counterfeit Cashier's Checks & Missing Cashier's Checks
This Bulletin is to advise you, in accordance with Stewart Title Guaranty Company's ("Stewart") Anti-Fraud Plan, that the FDIC, on December 13, 2000, issued Special Alert No. FIL-86-2000. According to the FDIC's Alert, in circulation are counterfeit cashier's checks drawn on USABankShares.com, Philadelphia, PA and may be circulating on the East Coast of the United States. Also in circulation are counterfeit cashier's checks drawn on the Pan American Bank, Chicago, Illinois. Merchants & Farmers Bank of Dumas, Dumas, Arkansas has reported cashier's checks missing and presumed stolen. Finally, Security Bank, Sioux Falls, South Dakota has reported counterfeit cashier's checks in circulation.
The FDIC posted the attached notice on their website at:
If you suspect an attempt to defraud or a fraud should ever be perpetrated against you, your agency, or Stewart, please report the activity immediately to:
Patrick Thesing, Esq.
Chief Claims Counsel
National Claims Counsel
Stewart Title Guaranty Company
1980 Post Oak Blvd., Suite 710
Houston, Texas 77056
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.
- Bulletins Replaced:
- Related Bulletins:
- NL000084 Stewart Title Guaranty Company Antifraud Plan
- Underwriting Manual:
- Exceptions Manual: