Bulletin: MU000049

Date:
April 02, 2004
To:
All Issuing Offices except in Florida, New Mexico, Oregon, and Texas
RE:
New ALTA Forms

Dear Associates:

The American Land Title Association has recently adopted or revised several endorsements and other forms.

We are filing these forms where filing is required.

The forms are:

  • ALTA Endorsement Form 14 WO/MML (Future Advance Priority)(Without Mechanic's Lien Exception) (Exhibit 1)
  • ALTA Endorsement Form 14 W/MML (Future Advance Priority)( With Mechanic's Lien Exception) (Exhibit 1)
  • ALTA Endorsement Form 14.1 WO/MML (Future Advance-Knowledge) (Without Mechanic's Lien Exception) (Exhibit 2)
  • ALTA Endorsement Form 14.1 W/MML (Future Advance-Knowledge) ( With Mechanic's Lien Exception) (Exhibit 2)
  • ALTA Endorsement Form 14.2 WO/MML (Future Advance-Letter of Credit)(Without Mechanic's Lien Exception or WO/MML) (Exhibit 3)
  • ALTA Endorsement Form 14.2 W/MML (Future Advance-Letter of Credit) (With Mechanic's Lien Exception or W/MML) (Exhibit 3)
  • ALTA Endorsement Form 15 (Nonimputation-Full Equity Transfer) (Exhibit 4)
  • ALTA Endorsement Form 15.1 (Nonimputation-Additional Insured) (Exhibit 5)
  • ALTA Endorsement Form 15.2 (Nonimputation-Partial Equity Transfer) (Exhibit 6)
  • ALTA Endorsement Form 16 (Mezzanine Financing) (Exhibit 7)
  • ALTA Endorsement Form 17 (Access and Entry) (Exhibit 8)
  • ALTA Endorsement Form 17.1 (Indirect Access and Entry) (Exhibit 9)
  • ALTA Endorsement Form 18 (Single Tax Parcel) (Exhibit 10)
  • ALTA Endorsement Form 18.1 (Multiple Tax Parcel) (Exhibit 11)
  • ALTA Endorsement Form 19 (Contiguity-Multiple Parcels) (Exhibit 12)
  • ALTA Endorsement Form 19.1 (Contiguity-Single Parcel) (Exhibit 13)
  • ALTA Short Form Commitment (Exhibit 14)
  • ALTA Short Form Expanded Coverage Residential Loan Policy (Exhibit 15)
  • ALTA Homeowner's Policy of Title Insurance (modified) (Exhibit 16)
  • Existing ALTA Endorsements (Forms A, B, C, D, 1-13 series, JR-1, and JR-2) to modify the boilerplate language

Our overview and guidelines appear following each form in the Exhibits attached.

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:
MU000030 Guidelines for HOMEOWNER'S POLICY OF TITLE INSURANCE (To Be Issued On Single Family Residential and Condominiums Only Located On Platted Land)
 
MU000036 Questions Concerning the HOMEOWNER'S POLICY OF TITLE INSURANCE (To Be Issued On Single Family Residential and Condominiums Only On Platted Land)
 
MU000043 ALTA Expanded Coverage Residential Loan Policy (10/13/01); Short Form Expanded Coverage Residential Loan Policy (2001)
Underwriting Manual:
17.46 Revolving Credit (Future Advance) Endorsements
Exceptions Manual:
None
Forms:
ALTA Endorsement 14 (Future Advance-Priority) (with MML)
 
ALTA Endorsement 14 (Future Advance-Priority) (without MML)
 
ALTA Endorsement 14.1 (Future Advance-Knowledge) (with MML)
 
ALTA Endorsement 14.1 (Future Advance-Knowledge) (without MML)
 
ALTA Endorsement 14.2 (Future Advance-Letter of Credit) (with MML)
 
ALTA Endorsement 14.2 (Future Advance-Letter of Credit) (without MML)
 
ALTA Endorsement 15 (Nonimputation-Full Equity Transfer)
 
ALTA Endorsement 15.1 (Nonimputation-Additional Insured)
 
ALTA Endorsement 16 (Mezzanine Financing)
 
ALTA Endorsement 17 (Access and Entry)
 
ALTA Endorsement 17.1 (Indirect Access and Entry)
 
ALTA Endorsement 18 (Single Tax Parcel)
 
ALTA Endorsement 18.1 (Multiple Tax Parcel)
 
ALTA Endorsement 19 (Contiguity-Multiple Parcels)
 
ALTA Endorsement 19.1 (Continguity-Single Parcel)
 
ALTA Homeowner's Policy of Title Insurance for a One-to-Four Family Residence 2003
 
ALTA Nonimputation Affidavit 1