Bulletin: NY000265

Date:
September 16, 2005
To:
All Issuing Offices in New York
RE:
A) Wayne County Mortgage Tax Increase B) Albany County Mortgage Tax Increase C) Rate Calculator

A) Wayne County has enacted the local law necessary to implement the increase in mortgage tax as authorized by state statute earlier this year. Effective October 1, 2005, the total mortgage tax for properties located in Wayne County will be one dollar and twenty five cents per one hundred dollars of debt secured, or 1.25% of the mortgage amount.

B) Albany County has enacted the local law necessary to implement the increase in mortgage tax as authorized by state statute earlier this year. Effective November 1, 2005, the total mortgage tax for properties located in Albany County will be one dollar and twenty five cents per one hundred dollars of debt secured, or 1.25% of the mortgage amount.

C) We apologize for the confusion created by the recent change of the internet address of our rate calculator. In case you had not noticed, when we moved the rate calculator from its former location, we left no forwarding address and attempts to visit that site were met with the dreaded message: " The Page Cannot Be Displayed".

For future reference, the rate calculator may now be found on the internet at http://www.stewartstar.com/rc/

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