Bulletin: FL2007011

Date:
November 09, 2007
To:
All Florida Issuing Offices
RE:
Settlement Statement Fees

Dear Associates: 

Enclosed for your consideration please find a letter sent by Ray Wenger who works for the Department of Financial Services.  This correspondence pertains to permissible charges for closing services and how they should be disclosed.  At this time officers of the Florida Land Title Association are seeking clarification concerning the legal authority and contents of the letter.  We will continue to keep you advised as we obtain further information.

 Settlement Statement Fees Letter

Please feel free to contact the underwriting department of Stewart Title in Florida should you have questions regarding these matters. 

For on-line viewing of this and other bulletins, log onto: http://vuwriter.com 

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