Bulletin: NV2017001

Date:
January 04, 2017
To:
All Nevada Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Rate Manual Changes: New ALTA Policies, Commitment and Endorsements - Effective December 16, 2016

Dear Associates:

Please be advised that changes have been made to the Nevada Rate Manual, and New ALTA policies, commitment, and endorsements have been approved effective December 16, 2016.  The Simultaneous rate went up and there is a new investor rate.

The following policies, commitment, and endorsements have been approved for use:

  • ALTA Expanded Coverage Residential Loan Policy - Current Assessments (M-9222) (4-2-15)
  • ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments (U-9224) (4-2-15)
  • ALTA Short Form Residential Loan Policy - Current Violations (U-9225) (4-2-15)
  • ALTA Commitment for Title Insurance (008UN) (8-1-16)
  • ALTA Endorsement 9.6.1-06 Private Rights - Current Assessments - Loan Policy (E-9226) (4-2-15)
  • ALTA Endorsement 18.2-06 Multiple Tax Parcel (E-9233) (8-1-16)
  • ALTA Endorsement 19.2-06 Contiguity - Specified Parcels (E-9227) (4-2-15)
  • ALTA Endorsement 28.3-06 Encroachments - Boundaries and Easement - Described Improvements and Land Under Development (E-9228) (4-2-15)
  • ALTA Endorsement 36.7-06 Energy Project - Fee Estate - Owner’s Policy (E-9275) (12-1-14)
  • ALTA Endorsement 36.8-0-6 Energy Project - Fee Estate - Loan Policy (E-9276) (12-1-14)
  • ALTA Endorsement 40-06 Tax Credit - Owner’s Policy (E-9296) (4-2-14)
  • ALTA Endorsement 40.1-06 Tax Credit - Defined Amount - Owner’s Policy (E-9297) (4-2-14)
  • ALTA Endorsement 45-06 Pari Passu Mortgage - Loan Policy (E-9277) (12-1-14)
  • ALTA Endorsement 46-06 Option (E-9278) (8-1-15)

Please Note: This rate manual is specifically for the use of Nevada non-affiliated agents.

The standard arbitration endorsement is to be issued with the policy to comply with the regulations in Nevada concerning arbitration matters.

As a reminder, other forms should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.

Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new rates/forms changes implemented in your 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.