Bulletin: DC2012002

Date:
June 11, 2012
To:
All District of Columbia Issuing Offices
RE:
New ALTA Forms Filing

Dear Associates:    

Effective May 21, 2012, the District of Columbia has approved Stewart Title Guaranty Company to issue the following ALTA policy forms and endorsements:

ALTA Expanded Coverage Residential Loan Policy (M-9551) (07/26/10)
ALTA Short Form Expanded Coverage Residential Loan Policy (U-9552) (07/26/10)
ALTA Endorsement 13-06 Leasehold-Owner's (E-9260) (02/03/11)
ALTA Endorsement 13.1-06 Leasehold-Loan (E-9261) (02/03/11)
ALTA Endorsement 14-06 Future Advance-Priority (E-9262) (02/03/11)
ALTA Endorsement 14-06 Future Advance-Priority without MML (E-9263) (02/03/11)
ALTA Endorsement 14.1-06 Future Advance-Knowledge (E-9264) (02/03/11)
ALTA Endorsement 14.1-06 Future Advance-Knowledge without MML (E-9265) (02/03/11)
ALTA Endorsement 14.2-06 Future Advance-Letter of Credit (E-9266) (02/03/11)
ALTA Endorsement 14.2-06 Future Advance-Letter of Credit without MML (E-9267) (02/03/11)
ALTA Endorsement 14.3-06 Future Advance-Reverse Mortgage (E-9268) (02/03/11)
ALTA Endorsement 14.3-06 Future Advance-Reverse Mortgage without MML (E-9269) (02/03/11)
ALTA Endorsement 29.2-06 Interest Rate Swap Endorsement-Direct Obligation-Defined Amount (E-9584) (8/1/11)
ALTA Endorsement 29.3-06 Interest Rate Swap Endorsement-Additional Interest-Defined Amount(E-9585) (8/1/11)
ALTA Endorsement 30-06 One To Four Family Shared Appreciation Mortgage (E-9553) (07/26/10)
ALTA Endorsement 31-06 Severable Improvements (E-9270) (02/03/11)
ALTA Endorsement 32-06 Construction Loan-Loss of Priority (E-9271) (02/03/11)
ALTA Endorsement 32.1-06 Construction Loan-Loss of Priority-Direct Payment (E-9272) (02/03/11)
ALTA Endorsement 33-06 Disbursement (E-9273) (02/03/11)
ALTA Endorsement 34-06 Identified Risk Coverage (E-9586) (8/1/11)

These forms will be available for use in the District of Columbia as of May 21, 2012.  Please review applicable guidelines for issuance in Virtual Underwriter

Additional information concerning these endorsements can also be found in Bulletin MU2011002 and MU2011004.

As a reminder, agents should contact their software service provider to be certain these forms are loaded in their title production system. 

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:
MU2011002 New, Revised, or Withdrawn ALTA Forms (02-03-11)
 
MU2011004 New, Revised, or Withdrawn ALTA Forms (08-01-11)
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
ALTA Endorsement 13-06 (Leasehold - Owner's) Revised 02-03-11
 
ALTA Endorsement 13.1-06 (Leasehold - Loan) Revised 02-03-11
 
ALTA Endorsement 14-06 (Future Advance - Priority) Revised 02-03-11
 
ALTA Endorsement 14-06 (Future Advance-Priority) (without MML) 02-03-11
 
ALTA Endorsement 14.1-06 (Future Advance - Knowledge) Revised 2-3-11
 
ALTA Endorsement 14.1-06 (Future Advance-Knowledge) (without MML) 02-03-11
 
ALTA Endorsement 14.2-06 (Future Advance - Letter of Credit) Revised 02-03-11
 
ALTA Endorsement 14.2-06 (Future Advance-Letter of Credit) (without MML) 02-03-11
 
ALTA Endorsement 14.3-06 (Future Advance - Reverse Mortgage) Revised 02-03-11
 
ALTA Endorsement 14.3-06 (Future Advance-Reverse Mortgage) (without MML) 02-03-11
 
ALTA Endorsement 29.2-06 (Interest Rate Swap Endorsement - Direct Obligation - Defined Amount) (08-01-11) Technical Corrections (04-02-14)(08-01-16)
 
ALTA Endorsement 29.3-06 (Interest Rate Swap Endorsement - Additional Interest - Defined Amount) (08-01-11) Technical Corrections (04-02-14; 08-01-16)
 
ALTA Endorsement 30-06 (Shared Appreciation Mortgage) (7-26-10)
 
ALTA Endorsement 31-06 (Severable Improvements) Adopted 02-03-11
 
ALTA Endorsement 32-06 (Construction Loan - Loss of Priority) Adopted 02-03-11
 
ALTA Endorsement 32.1-06 (Construction Loan - Loss of Priority - Direct Payment) Adopted 02-03-11
 
ALTA Endorsement 33-06 (Disbursement) Adopted 02-03-11
 
ALTA Endorsement 34-06 (Identified Risk Coverage) (08-01-11)