Bulletin: UT2015001

Date:
January 29, 2015
To:
All Utah Issuing Offices
RE:
RATES AND/OR FORMS UPDATE – RATE MANUAL UPDATE

Dear Associates:

Effective Date: February 1, 2015

Please note that the Rate Manual has been modified. The effective date of the modification is February 1, 2015. Listed below are the changes that were made to the Rate Manual. Any agent using AIM+ should contact PropertyInfo Customer Care to get the new rate changes implemented into their system.

Section 11. A. List of Forms. Old policy forms were deleted from the list and newer versions of the forms were added to the list of forms.

ALTA Endorsement forms 9.4 and 9.5 were deleted.

The following endorsements were added to the list of endorsements available for use in Utah. (Section C. page 16).

ALTA 3.2 Zoning – Land Under Development

ALTA 9.6 Private Rights Loan Policy

ALTA 9.7 Restrictions, Encroachments, Minerals – Land Under Development – Loan Policy

ALTA 9.8 Covenants, Conditions, and Restrictions – Land Under Development – Owner’s Policy

ALTA 9.9 Private Right – Owner’s Policy

ALTA 9.10 Restrictions, Encroachments, Minerals – Current Violations – Loan Policy

ALTA 11.1 Mortgage Modification with Subordination

ALTA 12.1 Aggregation – State Limits – Loan Policy

ALTA 28.1 Encroachments – Boundaries and Easements

ALTA 28.2 Encroachments – Boundaries and Easements – Described Improvements

ALTA 29, 29.1, 29.2, and 29.3 Swap Endorsements

ALTA 30 Shared Appreciation Mortgage

ALTA 30.1 Commercial Participation Interest

ALTA 31 Severable Improvements

ALTA 32, 32.1 and 32.2 Construction Loan Pending Disbursement endorsements

ALTA 33 Disbursement

ALTA 34 Identified Risk Coverage

ALTA 35, 35.1, 35.2, and 35.3 Mineral and Other Subsurface Substance coverages

ALTA 36, 36.1, 36.2, 36.3, 36.4, 36.5 and 36.6 Energy Project coverages

ALTA 37 Assignment of Rents or Leases

ALTA 38 Mortgage Tax

ALTA 39 Policy Authentication

Please further note that it is the strong preference of Stewart to use ALTA forms rather than CLTA forms. 

These changes have been made to the Rate Manual which can be found at https://www.stewart.com/utah

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:
ALTA Endorsement 11.1-06 (Mortgage Modification with Subordination) (10/22/09)
 
ALTA Endorsement 12.1-06 (Aggregation - State Limits - Loan) (04-02-13)
 
ALTA Endorsement 28.1-06 (Encroachments - Boundaries and Easements) (04-02-12)
 
ALTA Endorsement 28.2-06 (Encroachments - Boundaries and Easements - Described Improvements) (04-02-13)
 
ALTA Endorsement 29-06 (Interest Rate Swap Endorsement - Direct Obligation) (02-03-10) Technical Corrections (04-02-14; 08-01-16)
 
ALTA Endorsement 29.1-06 (Interest Rate Swap Endorsement - Additional Interest) (02-03-10) Technical Corrections (04-02-14; 08-01-16)
 
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 3.2-06 (Zoning - Land Under Development) (04-02-12)
 
ALTA Endorsement 30-06 (Shared Appreciation Mortgage) (7-26-10)
 
ALTA Endorsement 30.1-06 (Commercial Participation Interest) (08-01-12)
 
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) (04-02-13)
 
ALTA Endorsement 32.2-06 (Construction Loan - Loss of Priority - Insured's Direct Payment) (04-02-13)
 
ALTA Endorsement 33-06 (Disbursement) Adopted 02-03-11
 
ALTA Endorsement 34-06 (Identified Risk Coverage) (08-01-11)
 
ALTA Endorsement 35-06 (Minerals and Other Subsurface Substances - Buildings) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 35.1-06 (Minerals and Other Subsurface Substances - Improvements) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 35.2-06 (Minerals and Other Subsurface Substances - Described Improvements) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 35.3-06 (Minerals and Other Subsurface Substances - Land Under Development) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 36-06 (Energy Project - Leasehold/Easement - Owner's) (04-02-12)
 
ALTA Endorsement 36.1-06 (Energy Project - Leasehold/Easement - Loan) (04-02-12)
 
ALTA Endorsement 36.2-06 (Energy Project - Leasehold - Owner's) (04-02-12)
 
ALTA Endorsement 36.3-06 (Energy Project - Leasehold - Loan) (04-02-12)
 
ALTA Endorsement 36.4-06 (Energy Project - Covenants, Conditions and Restrictions - Land Under Development - Owner's) (04-02-12)
 
ALTA Endorsement 36.5-06 (Energy Project - Covenants, Conditions and Restrictions - Land Under Development - Loan) (04-02-12)
 
ALTA Endorsement 36.6-06 (Energy Project - Encroachments) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 39-06 (Policy Authentication) (04-02-13)
 
ALTA Endorsement 9.10-06 (Restrictions, Encroachments, Minerals - Current Violations - Loan Policy) (04-02-13) Technical Correction 08-01-16
 
ALTA Endorsement 9.6-06 (Private Rights - Loan Policy) (04-02-12)
 
ALTA Endorsement 9.7-06 (Restrictions, Encroachments, Minerals - Land Under Development - Loan Policy) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 9.8-06 (Covenants Conditions and Restrictions - Land Under Development - Owner's Policy) (04-02-12)
 
ALTA Endorsement 9.9-06 (Private Rights - Owner's Policy) (04-02-13)
 
LA ALTA Endorsement 37-06 Assignment of Rents or Leases 12-03-12
 
LA ALTA Endorsement 38-06 Mortgage Tax 12-03-12