Bulletin: SD2018001

Date:
March 14, 2018
To:
All South Dakota Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New Forms for South Dakota

Dear Associates:

Effective as of March 28, 2018, the following ALTA forms have been approved for use in South Dakota:

  • ALTA Short Form Commitment for a Short Form Residential Loan Policy (009-UN) (12/01/17) 
  • ALTA Limited Pre-Foreclosure Policy (M-9133) (12/03/12) 
  • ALTA Form 23.1-06 Co-Insurance - Multiple Policies (E-9234) (08/01/17) 
  • ALTA Limited Pre-Foreclosure Policy - Date-Down Endorsement (E-9134) (12/03/12)

Agents, please contact PropertyInfo Customer Care or your title production software vendor to get the new forms added to your system. 

As a reminder, other forms should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in your state should be used, unless approved by a Stewart underwriter.

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.