Bulletin: ND000002

Date:
December 13, 1996
To:
All Issuing Offices in North Dakota
RE:
Home Equity Policy Bulletin (Not for First Mortgages)

Dear Associates:

A copy of the Home Equity Policy (HEP) bulletin was sent to you some time ago.

Demand for this product has increased substantially and many of you will be receiving orders for the policy. The Home Equity Policy is not to be used for first mortgages. Please review the bulletin. All the requirements for preparation and issuance are contained in the bulletin.

Should you have any questions regarding the issuance of this policy, please call your Stewart representative or the National Legal Department in Houston at the WATS line number listed on this transmittal.

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.