Bulletin: NY000531

Date:
September 16, 2013
To:
All New York State Agents, Office Counsel, and Managers
RE:
Residential Mortgage Forclosure

Any residential foreclosure commenced after August 30, 2013, must have a certificate of merit and supporting documents served with the summons and complaint and filed in the action. (CPLR 3012-b as added by Chpt.306 laws od 2013).

A link to the certificate is provided below. This form is a guideline, not mandatory.

Certificate of Merit

If you have any questions please contact Harold S. Boxer at hboxer@stewart.com or call 212-922-0050 and speak with any Agency Legal Services counsel.

For on-line viewing of this and other bulletins, log onto www.stewartnewyork.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:
NY000324 New requirements for foreclosure actions
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None