Bulletin: NY000455

Date:
September 13, 2010
To:
All New York State Office Counsel, Managers and Agents
RE:
New Bulletin on the New Power of Attorney

The New York State Department of Taxation and Finance has issued a Notice (N-10-7) "Changes to Powers of Attorney Accepted for Tax Matters Administered by the New York State Tax Department and the New York City Department of Finance".

NYS Dept. of Taxation and Finance Notice N-10-7 (click to view)

 

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:
NY000407 Power of Attorney
 
NY000412 New Statutory Power of Attorney and Real Property Transfer Tax Filings
 
NY000454 New Statutory Short Form Power of Attorney (and Statutory Gift Rider)
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None