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Bulletin: SD2012001

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Bulletin: SD2012001

v 1
Date: April 04, 2012
To: All South Dakota Issuing Offices
RE: New ALTA Forms and Rates for South Dakota

Dear Associates:    

This Bulletin is to advise you that the following policy forms and endorsements have been approved and are effective as of Monday, March 12, 2012.  

  1. ALTA Endorsement 3.1-06 Zoning - Completed Structure (E-9481)
  2. ALTA Endorsement 4-06 Condominium (E-9542)
  3. ALTA Endorsement 4.1-06 ...

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 9.1-06 (Restrictions, Encroachments, Minerals - Owner’s Policy - Unimproved Land) with Florida Modifications (Revised 6-17-06;12-1-13; 5-19-14) ALTA 10-06 (Assignment) with Florida Modifications (Revised 2-3-10; 12-1-13; 5-19-14) ALTA 14-06 Future Advance - Priority Endorsement with Florida Modifications (Revised 2-3-11; 12-1-13; 5-19-14) ALTA 14.2-06 Future Advance - Letter of Credit with Florida Modifications (Revised 2-3-11; 12-1-13; 5-19-14) ALTA 14.3-06 Future Advance - Reverse Mortgage with Florida Modifications (Revised 2-3-11; 12-1-13; 5-19-14) ALTA Endorsement 3.1-06 (Zoning-Completed Structure) ALTA Endorsement 4-06 (Condominium) ALTA Endorsement 5-06 (Planned Unit Development - Assessments Priority) (2-3-10) TC 12-1-16; 12-1-17 ALTA Endorsement 5.1-06 (Planned Unit Development) ALTA Endorsement 6-06 (Variable Rate Mortgage) ALTA Endorsement 6.2-06 (Variable Rate Mortgage-Negative Amortization) ALTA Endorsement 8.2-06 (Commercial Environmental Protection Lien) (10-16-08) ALTA Endorsement 10.1-06 (Assignment and Date Down) (2-3-10) TC 8-1-16 ALTA Endorsement 11.1-06 (Mortgage Modification with Subordination) (10-22-09) ALTA Endorsement 13-06 (Leasehold - Owner's) (4-2-12) ALTA Endorsement 13.1-06 (Leasehold - Loan) (4-2-12) ALTA Endorsement 14.1-06 (Future Advance - Knowledge) (2-3-11) ALTA Endorsement 14.1-06 (Future Advance-Knowledge) (without MML) 02-03-11 ALTA Endorsement 14.2-06 (Future Advance-Letter of Credit) (without MML) 02-03-11 ALTA Endorsement 14.3-06 (Future Advance-Reverse Mortgage) (without MML) 02-03-11 ALTA Endorsement 17.2-06 (Utility Access) (10-16-08) ALTA Endorsement 23-06 (Co-Insurance - Single Policy) (10-16-08) ALTA Endorsement 24-06 (Doing Business) (10-16-08) ALTA Endorsement 25-06 (Same as Survey) (10-16-08) ALTA Endorsement 25.1-06 (Same as Portion of Survey) (10-16-08) ALTA Endorsement 26-06 (Subdivision) (10-16-08) ALTA Endorsement 27-06 (Usury) (10/16/08) ALTA Endorsement 28-06 (Easement - Damage or Enforced Removal) (2-3-10) ALTA Endorsement 29-06 (Interest Rate Swap Endorsement - Direct Obligation) (2-3-10) TC 4-2-14; 8-1-16 ALTA Endorsement 29.1-06 (Interest Rate Swap Endorsement - Additional Interest) (2-3-10) TC 4-2-14; 8-1-16 ALTA Endorsement 29.2-06 (Interest Rate Swap Endorsement - Direct Obligation - Defined Amount) (8-1-11) TC 4-2-14; 8-1-16 ALTA Endorsement 29.3-06 (Interest Rate Swap Endorsement - Additional Interest - Defined Amount) (8-1-11) TC 4-2-14; 8-1-16 ALTA Endorsement 30-06 One to Four Family (Shared Appreciation Mortgage) (7-26-10) ALTA Endorsement 31-06 (Severable Improvements) 2-3-11 ALTA Endorsement 32-06 (Construction Loan) (2-3-11) TC 12-1-18 ALTA Endorsement 34-06 (Identified Risk Coverage) (8-1-11) LA ALTA Endorsement 4.1-06 Condominium (06/17/06)