- February 01, 2010
- All New York State Office Counsel, Managers and Agents
- New Underwriting Bulletin on Recording
It is our practice to provide our policy issuing offices with guidelines for the "Best Practices". Stewart's audit practices have suggested to all policy issuing offices that the submission of all instruments to the County Clerk or City Register should take place within five to seven (5-7) business days.
Effective immediately, all policy issuing offices of Stewart Title Insurance Company, are required to submit for recording all instrument's associated with a Stewart Title Insurance Company policy, in a form acceptable to the Clerk/Register, together with the necessary recording fee's and taxes to the appropriate County Clerk's or Register's office within seven (7) business days from the date of closing or funding.
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.