Bulletin: IN2014007

Date:
June 30, 2014
To:
All Indiana Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Revised Rates for Indiana

Dear Associates:

Attached is the revised Schedule of Charges for Use in the State of Indiana for all policies issued by or on behalf of Stewart Title Guaranty Company (“Stewart”) in transactions involving Indiana real estate. The revised rates are effective as of July 15, 2014.

Please note the following changes:

1) The Stewart Loyalty Reissue and Refinance credits have expired and are no longer available for closings on or after July 15, 2014. The only available credits are the Refinance and Reissue credits shown on the attached Schedule of Charges;

2) The table for the Commercial Standard ALTA Owner’s Policy charges now reflects a minimum charge of $500.00 for policies up to $250,000.00;

3) The table for the Commercial Standard ALTA Loan Policy charges now reflects a minimum charge of $500.00 for policies up to $285,000.00;

4) The simultaneous issue fee is only available for loan policy amounts up to the amount of the owner’s policy; and,

5) The foreclosure guarantee is available on residential transactions only.  

Any premium charged or quotations for policies of title insurance or endorsements issued by Stewart and its issuing offices must be based on the attached Schedule of Charges for Use.

Please contact your software company to request an update for your system with the new rates and forms. If you are an AFW or AIM+ user, please contact PropertyInfo Customer Care to get the new rate changes implemented in their AFW or AIM+ 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:
IN2014003 RATES AND/OR FORMS UPDATE - Revised Rates for Indiana
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None