Bulletin: MD2017002

Date:
June 27, 2017
To:
All Maryland Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Revised Schedule of Charges effective August 1, 2017

Dear Associates:

Stewart Title Guaranty Company has filed revised rates with the Maryland Insurance Administration which will become effective August 1, 2017. An electronic version of the rate book can be found here for your convenience.

The Revised Schedule of Charges contains several important changes.

Rates have been adjusted across all tiers. Minimum policy charges and simultaneous issue rates have changed.

Simultaneous Issue Transaction: Minimum Rates have changed. 

Extension, Modifications, or Assignments of Mortgages: Endorsement rates have changed. 

ALTA Residential Limited Coverage Junior Loan Policy and ALTA Short Form Residential Limited Coverage Junior Loan Policy: Minimum charges have changed. 

Please remember to continue using the current rate manual for all transactions closing until August 1, 2017. 

Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new rates implemented in your system.   If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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