SLS2018002 - UNDERWRITING - Non-Institutional / Hard Money / Private Lenders Transactions [Revised 7-11-19] | Virtual Underwriter

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Bulletin: SLS2018002

Note: This Bulletin has been replaced by CA2022002 - UNDERWRITING - Non-Institutional/ Hard Money/ Private Lender Transactions. Use it for reference only.

v 1

Date: March 19, 2018

To: All Issuing Offices

RE: UNDERWRITING - Non-Institutional / Hard Money / Private Lenders Transactions [Revised 7-11-19]

This Bulletin has been replaced by Bulletin SLS2021006, CA2021003, and WA2021001.

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:

CA2014002 - UNDERWRITING - Inspection Standards and Guidelines CA2024005 - UNDERWRITING - Non-Institutional/ Hard Money/ Private Lender CA2024006 - UNDERWRITING - Fractional Beneficial Interests Under Trust Deeds and Mortgages, and Assignments Thereof 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 MI2010007 - Mechanic's Liens Coverage During Construction 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 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 SLS2009014 - Mortgages/Deed of Trusts to Multiple Individual Mortgagees SLS2015011 - UNDERWRITING - Overlimits Request Form and Related Documentation [Revised 1-20-21] SLS2019001 - GENERAL - 2019 Reminder Bulletin SLS2021006 - UNDERWRITING - Non-Institutional/ Hard Money/ Private Lender Transactions TX2010008 - Mechanic's Liens Coverage During Construction TX2020009 - UNDERWRITING - Red Flags in Hard Money Loans VA2010001 - Mechanic's Liens Coverage During Construction WI2010005 - Mechanic's Liens Coverage During Construction

Underwriting Manual:

12.12 Mechanic's Liens 12.28 Mortgages

Exceptions Manual:

None

Forms:

None