Bulletin: NY000602

Date:
February 22, 2017
To:
All New York State Agents, Office Counsel, and Managers
RE:
US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) EXTENDED Geographic Targeting Order, Manhattan, Brooklyn, Bronx, Queens and Staten Island NY

On January 13, 2016 the FinCEN issued a Geographic Targeting Order (GTO) on several title underwriters, including the Stewart Family of Underwriters. The GTO has been continued an additional 180 days effective February 24th, 2017 to August 22nd, 2017.  The GTO is attached.  The remainder of the filing requirements remain the same.  I direct your attention to our prior bulletins for instruction.

In the event you have any questions, please call the Stewart Title Insurance Company – New York Legal Department at (212) 922-0050.

Forms: IRS/FinCEN 8300; Cert Fill-In; Cert Print and Write

Attachments: 2017 FinCEN GTO Extension

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.