Bulletin: NJ2016002

Date:
February 18, 2016
To:
All New Jersey Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New Policy Forms and Withdrawal of Old Forms and Endorsements

Dear Associates:

Changes have been made to the New Jersey Rate Manual effective February 15, 2016. These changes include the withdrawal of the following residential loan policies and the introduction of newly available residential loan policies as referenced below. 

New Policy Forms:

NJRB 2-17: ALTA Expanded Coverage Residential Loan Policy - Current Assessments (04-02-15) (New Jersey Variation): This form is being introduced as the New Jersey variation of the ALTA Form adopted April 2015.  

NJRB 2-18: ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments (04-02-15) (New Jersey Variation): This form is being introduced as the New Jersey variation of the ALTA Form adopted in April 2015. 

NJRB 2-19: ALTA Short Form Residential Loan Policy - Current Violations (04-02-15) (New Jersey Variation): This form is being introduced as the New Jersey variation of the ALTA Form adopted in April 2015.

The following forms have been withdrawn: 

NJRB 2-11: ALTA Expanded Coverage Residential Loan Policy (New Jersey Variation)

NJRB 2-14: ALTA Short Form Expanded Coverage Residential Loan Policy (10-22-03) (New Jersey Variation)

NJRB 2-15: ALTA Short Form Residential Loan Policy (12-03-12) (New Jersey Variation) (NJRB 2-15)

Pricing for all forms as approved by the New Jersey Department of Banking and Insurance [NJDOBI] is set forth in the Rate Manual.

You must contact Property Info Customer Care or your title production software vendor for implementation of the form in your system.

If you have any questions relating to this or other bulletins, please contact the Alabama State Office for assistance.

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