Bulletin: CO000021

Date:
May 06, 1998
To:
All Stewart Title Owned Offices and Agents in Colorado
RE:
Increase in Public Trustee Release Fee

Dear Associates:

Senate Bill No. 98-045 was signed into law on April 17, 1998. This bill included provisions for an increase in fees charged by the Public Trustee for the processing of a Release of Deed of Trust. The Release fee has been increased from $8.00 to $10.00, with the total cost, including the recording fee, of a one page Release being $16.00.

This bill became effective as of the date it was signed on April 17, 1998. Several of the Public Trustee's have indicated that they will not be implementing the release fees until on or after June 1, 1998. You should check with your local County Public Trustee to determine when they are going to begin implementing the fee increase.

If you have any questions in regard to this, please contact the Colorado District Office.

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:
CO Release of Trust Deed 1