Bulletin: NY000176

Date:
October 27, 1999
To:
New York State Counsel, Managers and Agents
RE:
Error on Acknowledgments in DOS Website

Dear Associates:

It has come to our attention that the NY Department of State website currently contains outdated information at the following URL:

http://www.dos.state.ny.us/cnsl/npforms.html

This URL deals with the revised Acknowledgment forms, but it appears that it was not updated after the statute was amended to include a form of acknowledgment for out-of-state use. There are errors in the advice on the website as a result. We have brought this to the attention of personnel at the Department of State, and have been advised that the matter will be rectified.

In the meantime, at least one of our agents has had a copy of the web page faxed to a closing, and as a result, an instrument was accepted using an incorrect acknowledgment.

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:
None