Bulletin: NY000352

Date:
April 29, 2008
To:
All New York State Office Counsel, Managers and Agents
RE:
New York City Recordings

As of June 1, 2008, the following rule will be in effect: 

If, 10 days after recording, a recorded document is not picked up in person, the Registrar will:

  1. Return the document to the R & R on the document, IF the Registrar was provided with a self-addressed stamped envelope or an addressed overnight package.
  2. If no envelope or overnight package was provided, the Registrar will destroy the document.

It is recommended that a service that is regularly present at the Registrars' office be used to record your company's documents so that the documents can be retrieved. 

If your company does its own recordings, someone from the office should go down as needed within the 10 day period so as to prevent the destruction of the document.

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