SLS2007007 - Insuring Around, Over, or Against Outstanding Enforceable Recorded Defects, Liens, and Encumbrances | Virtual Underwriter

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Bulletin: SLS2007007

v 2

Date: October 16, 2007

To: All Issuing Offices

RE: Insuring Around, Over, or Against Outstanding Enforceable Recorded Defects, Liens, and Encumbrances

Dear Associates:

Please note that our Underwriting Agreements typically provide the following or similar language:

“COMPANY (the issuing agent) shall not without UNDERWRITER's prior written consent insure over a title defect, lien, or encumbrance, regardless of any indemnity or deposit that CO...

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:

CA2007001 - Underwriting Bulletin Clarification DE2010002 - Mechanic's Liens Coverage During Construction FL2024001 - UNDERWRITING - Mechanic's Liens Coverage on Lender's Policies During Construction GA2014002 - UNDERWRITING - Mechanic's Liens Coverage During Construction IL2010005 - Mechanic's Liens Coverage During Construction - No Priority IL2023002 - UNDERWRITING - Mechanic's Liens Coverage During Construction - No Priority LA2010010 - Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement MA2010002 - Mechanic's Liens Coverage During Construction MD2014002 - UNDERWRITING - Mechanic’s Liens Coverage During Construction – Priority For Future Advances Established Upon Recording of Mortgage MI2009009 - New Construction Procedures and Requirements MI2010007 - Mechanic's Liens Coverage During Construction MI2011006 - Jeddo Drywall v. Cambridge Investment Group MO2009002 - Mechanic's Lien Coverage and Construction Loans MO2010003 - Residential New Construction and Mechanic's Liens MU2010007 - Mechanic's Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disbursing (1) MU2010008 - Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement (3) MU2010009 - Mechanic's Liens Coverage During Construction - No Priority (2) NC2015001 - UNDERWRITING - Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement ND2010001 - Mechanic's Liens/Construction Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disburse NJ2010005 - Construction Lien Claims in New Jersey NL000022 - Insuring Around NM2015002 - UNDERWRITING - Insuring Construction Loans in New Mexico; New Rules Effective August 1 and August 15, 2014 PA2010009 - Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement SLS2009006 - Searches, Starters, Subordinations, Satisfactions and Surveys SLS2009007 - Mechanic's Liens Recap SLS2016003 - GENERAL - 2016 Reminder Bulletin SLS2017001 - GENERAL - 2017 Reminder Bulletin SLS2018001 - GENERAL - 2018 Reminder Bulletin SLS2019001 - GENERAL - 2019 Reminder Bulletin TX2010008 - Mechanic's Liens Coverage During Construction VA2010001 - Mechanic's Liens Coverage During Construction

Underwriting Manual:

1.36 Affirmative Insurance 5.36 Extrahazardous Risks 12.12 Mechanic's Liens

Exceptions Manual:

(PDC) Pending Disbursement Clauses

Forms:

None