Bulletin: NJ000019

Date:
December 01, 1995
To:
All New Jersey Issuing Offices
RE:
Lis Pendens N.J.S.A. 2A:15-11

Dear Associates:

As part of the Fair Foreclosure Act effective December 4, 1995, the State Legislature amended the Notice of Lis Pendens statute to provide for an extended life to a lis pendens. The Act effectively extends a lis pendens from three (3) years to five (5) years.

Accordingly, after December 4, 1995, all lis pendens will have a life of five (5) years and our search period for these lis pendens must be extended accordingly.

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:
11.24 Lis Pendens
Exceptions Manual:
NJ Lis Pendens
Forms:
None