Bulletin: NY000319

Date:
August 22, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
Notice in Mortgage Foreclosures
The required notice under Real Property Actions and Proceeding Law 1303 (1) has been amended to apply to owner occupied one - four (1-4) family dwellings.

Chapter 154 Laws of 2007 limits the requirement of the notice to owner occupied one - four (1-4) family dwellings.

The notice is contained in a provision of the Home Equity Theft Protection Act.  A copy of the notice can be found in NY000300.

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:
NY000300 Home Equity Theft Protection Act
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None