Bulletin: NC2009001

Date:
March 10, 2009
To:
All North Carolina Issuing Offices
RE:
Insured Closing Letters

Dear Associates:

Effective immediately, North Carolina issuing agents are directed to issue all insured closing protection letters for North Carolina transactions from the Stewart approved website: https://www.stewarticl.com.  

Some agents currently incorporate the insured closing protection letter by reference as an exception or a note within the commitment. This is no longer permitted. All agents must use the Stewart ICL website to issue letters and include the letters in the commitments. The ICL website contains the most current and accurate information on approved attorneys in North Carolina. It also provides an accurate record of insured closing letters issued for premium and claims reconciliation.

If an agent is not currently registered with the online system, please contact Lucille Rolfes in the State office for log-in and password (lrolfes@stewart.com,  or 704-947-3755 x 43500) or contact Stewart Customer Care Center at 1-888-526-3282.

If you have questions relating to this bulletin, please contact North Carolina Underwriting Personnel or Stewart Legal Services.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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