Bulletin: LA2011007

Date:
December 28, 2011
To:
All Louisiana Issuing Offices
RE:
Requirements of R.S. 22:513.1

Dear Associates:  

This bulletin serves as a reminder to all Issuing Offices that effective January 1, 2012, when title insurance is being issued to either a purchaser or a mortgagee, regarding one-to-four family residential transactions, the conveyance document and mortgage must contain the information required by R.S. 22:513.1.  

The required information is: (1) the name, address and Louisiana license number of the issuing title insurance producer, (2) the name of the title insurance underwriter, and (3) the name and bar roll number of the attorney licensed to practice law in Louisiana who provided the opinion upon which the title policy(ies) were based.

This information may be typed or stamped onto the document or included on a separate addendum to the document.  The statute holds the title insurance producer responsible for verifying that the required information is included prior to the recordation of the document.

You should read R.S. 22:513.1 in its entirety. Click here to view a copy of R.S. 22.513.1.
 
If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.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