Bulletin: SA2012011

Date:
April 02, 2012
To:
All Indiana Issuing Offices
RE:
Special Alert - Patrick Li, et al

Dear Associates:    

Effective immediately, all issuing offices are instructed not to accept any orders or close any transactions involving persons using the following names without the written approval of a Stewart Legal Services representative:

Patrick Li

James Soto a/k/a Jimmy Soto

James Saito

James Sarto

If you have any pending transactions involving any persons using these names or if you recently closed any transactions involving them, please contact Stewart Legal Services or a Stewart Title Guaranty Company underwriter.

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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:
SLS2010013 Check Fraud Schemes
 
SLS2011005 Disbursement Practices: Good Funds vs. Collected Funds [Revised 04-27-12]
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None