- April 10, 2001
- All Issuing Offices
- Closing Alert
Effective immediately, all policy issuing agents are instructed not to close on any transaction involving the below listed companies or individuals unless approval has been received in writing from the Stewart Title Guaranty Company's National Legal Department:
Mary Cathryn Jedlicka
Stephen J. Lusk
Ragip Sinan Mungan, d/b/a Mortgage Masters
Accent Title, Inc.
Home American Concepts, Inc.
Cedar Lane Land & Development Company
The Hearthland Foundation, Inc.
Creative Fiberglass Concepts International, Inc.
Carolyn Ann Roback
Ali E. Basal
Grady Douglas Simpson
Fidelity National Title Insurance Company of New York, ("Fidelity") filed a verified complaint in the Chancery Court for Knox County, Tennessee, captioned Fidelity National Title Insurance Company of New York v. Mary Cathryn Jedlicka, et al., Case No. 149906-1, naming the above individuals and entities as Defendants. Fidelity alleges various counts of wrongdoing.
In addition, Fidelity filed two separate verified complaints in the United States District Court for the Eastern District of Tennessee, captioned Fidelity v. Ali E. Basal, et al., Case No. 3:01-CV-124 and Fidelity v. Zafer Roback, et ux., Case No. 3:01-CV-123, alleging various counts of wrongdoing by the Defendants, respectively.
If your office has recently closed any transactions involving these entities or you have any pending transactions involving such entities, please contact Stewart Title Guaranty Company's National Legal Department.
Stewart Title Guaranty Company
1980 Post Oak Boulevard, Suite 710
Houston, Texas 77056
(713) 629-2248 (FAX)
Thank you for your anticipated cooperation.
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.