Bulletin: SLS2015002

Date:
January 30, 2015
To:
All Issuing Offices
RE:
GENERAL - 2015 Reminder Bulletin

Dear Associates:

This Bulletin reminds you of your obligations as a policy-issuing representative of Stewart Title Guaranty Company ("Stewart"). In addition to possessing the customary knowledge associated with real estate closings in your jurisdiction, you are required to have specific knowledge of, and comply with, Stewart's underwriting practices, requirements and guidelines. These include, but are not limited to, our Underwriting Manual, Bulletins and Special Alerts. These resources, together with other important information, instructional materials and commonly used forms are contained in Virtual Underwriter, available online at www.vuwriter.com.

Please note the following Bulletins relating to topics of current concern:

SLS00171

Importance of the Positive Pay System

SLS2007007

Insuring Around, Over, or Against Outstanding Enforceable Recorded Defects, Liens, and Encumbrances

CA2007001

Underwriting Bulletin Clarification

SLS2008001

Patriot Act Requirements and the Special Alerts Database [Revised 01/18/12]

SLS2008015

Paying Off Line of Credit Mortgages

SLS2009004

Use of Starters for Title Search [Revised 3-23-09]

SLS2009007

Mechanic’s Liens Recap

SLS2010026

Issuing Authority and Escrow Instructions

SLS2011005

Disbursement Practices: Good Fund vs. Collected Funds [Revised 04-27-12]

SLS2011010

Avoidance of Potential Conflicts of Interest

SLS2011017

Stewart Title’s Forgery Watch Award Program

SLS2012001

Privacy Policy Opt Out Option

SLS2013003

Search Services and Limitation of Title Insurance Underwriting Agreement 

SLS2014001 

UNDERWRITING - The Perishable Agricultural Commodities Act (PACA) and The Packers and Stockyards Act (PSA)

SLS2014002

UNDERWRITING - Extrahazardous Risks

SLS2014006

UNDERWRITING - Insuring Title Based Upon a Judgment, Order or Decree: Appeal Period and Proper Notice

SLS2014008

GENERAL - Stonebridge Title Services, Inc. Consent Order

SLS2014010

UNDERWRITING - Insuring Post-Foreclosure Transactions Where Property Is Occupied By Foreclosed Mortgagor/Related Parties

SLS2014014

GENERAL - Foreign Sanctions Evaders List

Please also note the following Bulletins relating to Mechanic’s Liens During Construction:

MU2010007

Mechanic's Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disbursing (1)

MU2010008

Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement (3)

MU2010009

Mechanic's Liens Coverage During Construction - No Priority (2)

DE2010002

Mechanic's Liens Coverage During Construction

FL2010002

Mechanic's Liens Coverage on Lender's Policies During Construction

IL2010005

Mechanic's Liens Coverage During Construction - No Priority

LA2010010

Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement

MA2010002

Mechanic's Liens Coverage During Construction

MI2010007

Mechanic's Liens Coverage During Construction

NC2010003

Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement

ND2010001

Mechanic's Liens/Construction Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disburse

NJ2010005

Construction Lien Claims in New Jersey

NM2010001

Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement

PA2010009

Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement

TX2010008

Mechanic's Liens Coverage During Construction

VA2010001

Mechanic's Liens Coverage During Construction

WI2010005

Mechanic's Liens Coverage During Construction

As an accommodation, Stewart also distributes Bulletins and Special Alerts electronically. You are encouraged to sign up for electronic distribution of Bulletins and Special Alerts by contacting the Bulletin Coordinator at sylvia.lopez@stewart.com. Please also promptly forward any changes regarding your email address. Please ensure that emails from Stewart are not blocked or misdirected to your spam folder. Please add (sylvia.lopez@stewart.com) to your Address Book and Safe Senders List.

As a reminder, you are responsible for knowledge of and compliance with the information contained in all Bulletins and Special Alerts as posted on Virtual Underwriter (www.vuwriter.com), whether you receive them by electronic distribution or not.

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