Bulletin: SLS2018004

Date:
May 18, 2018
To:
All Issuing Offices
RE:
UNDERWRITING - US Department of Treasury: Financial Crimes Enforcement Network (FinCEN)

Dear Associates:

As has been referenced in prior bulletins, a Geographic Targeting Order (“GTO”) was issued by the United States Department of Treasury, Financial Crimes Enforcement Network (“FinCEN”).

As a Stewart Agent subject to the order, you may be required to submit certain transactional information to FinCEN.

If you are an independent agent of Stewart’s, please log in at https://www.virtualunderwriter.com/content/stewart/virtualunderwriter/en/title-agents-login.html using your Stewart Agency Identification Number to obtain additional information necessary for compliance with the order.  Helpful resources are available there as well.

If you are an affiliated agent, please use the following link to access additional information and resources on Stewart’s internal website http://www.stewartpoint.com/SupportServices/LegalServices/Pages/FinCenUpdates.aspx.  

If you are in need of assistance or have questions regarding the order, please reach out to your manager, agency representative, Stewart’s Legal Department or by email to FINCENreports@stewart.com

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.