Bulletin: NY000516

Date:
January 02, 2013
To:
All New York State Agents, Office Counsel and Managers
RE:
Sandy's impact on Underwriting

On October 31, 2012, Governor Cuomo signed Executive Order 52 (Attached).  This Executive order temporarily suspends statutory time limitations on commencing an action and time to take appeals. This Order has been rescinded effective January 1, 2013. 

Please pay special attention to statutory time limitations that expired during the pendency of Executive Order 52 since the time for the expiration will be extended during the effective dates of the order.  In the event you have any questions, contact Stewart Title Legal Services for guidance.

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:
NY000511 Sandy's Impact on Underwriting
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None