Bulletin: NJ2012004

Date:
May 17, 2012
To:
All New Jersey Issuing Offices
RE:
New Closing Service Letter Charge

Dear Associates:

The New Jersey Department of Banking and Insurance has approved an increase in the charge for the issuance of a Closing Service Letter.  Effective June 1, 2012, the charge for a Closing Service Letter will be $75.00.  All orders received on or after June 1st should reflect this increase. Commitments issued prior to June 1, 2012, shall remain at the $25.00 charge.

As a reminder, please be sure that all Closing Service Letters issued by your office are either issued to an approved attorney or in the name of your office.  You may check the status of an attorney on the Stewart Title New Jersey Website:

http://www.stewartautomation.com/stgnewjersey/Default.asp

In the event that an attorney is not listed or there is a "call office" note please contact the NJ State Office.

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