Bulletin: TN2016001

Date:
March 02, 2016
To:
All Tennessee Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New ALTA Mortgage Modification Policy

Dear Associates:

Please be advised that on January 26, 2010, Stewart Title Guaranty submitted for approval an Addendum to the Schedule of Charges for Title Insurance in the State of Tennessee to add the ALTA Residential Limited Coverage Mortgage Modification Policy.

The approval is effective March 29, 2016.

The Rate for issuance is reflected in the Addendum and is a flat charge of $150.00. Note that the rate does not include any charges for separate services, including abstracting or search services or recording.

You must first secure approval from the Stewart Legal Underwriting Department prior to the issuance of the Modification Policy. Also, please note Agents and offices should contact PropertyInfo Customer Care or their title production software vendor to get the new rate/forms implemented into your systems effective March 29, 2016.

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 Residential Limited Coverage Mortgage Modification Policy (12-01-14) Technical Correction 08-01-16