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Bulletin: NM2021002

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Bulletin: NM2021002

v 1
Date: February 25, 2021
To: All New Mexico Issuing Offices
RE: GENERAL - FORMS AND UNDERWRITING - OSI Rules Effective 1/1/2021

Dear Associates:

This bulletin reviews various changes which occurred as a result of the revised promulgated title insurance rules which went into effect January 1, 2021, related to forms and underwriting.

Attached to this bulletin is a summary of these changes with certain substantive revisions hig...

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:
NM Form 43 Insuring Around Endorsement NM Form 50.1 Restrictions, Encroachments, Minerals - Loan Policy Endorsement (ALTA Form 9.3-06, Rev. 2006) NM Form 56 Restrictions, Encroachments, Minerals - Owner's Policy (Unimproved Land) Endorsement (ALTA Form 9.1-06, Rev. 2006) NM Form 56.1 Restrictions, Encroachments, Minerals (Owner's Policy - Unimproved Land) Endorsement (ALTA Form 9.4-06, Rev. 2006) NM Form 57 Restrictions, Encroachments, Minerals - Owner's Policy (Improved Land) Endorsement (ALTA Form 9.2-06, Rev. 2006) NM Form 57.1 Restrictions, Encroachments, Minerals (Owner's Policy - Improved Land) Endorsement (ALTA 9.5-06, Rev. 2006)