Bulletin: SLS2013005
- Date:
- January 17, 2013
- To:
- All Issuing Offices
- RE:
- Reminder Bulletins
Dear Associates:
This Bulletin reminds you of your obligations as a policy-issuing representative of Stewart Title Guaranty Company ("Stewart"). In addition to possessing the customary knowledge associated with real estate closings in your jurisdiction, you are required to have specific knowledge of, and comply with, Stewart's underwriting practices, requirements and guidelines. These include, but are not limited to, our Underwriting Manual, Bulletins and Special Alerts. These resources, together with other important information, instructional materials and commonly used forms are contained in Virtual Underwriter, available online at www.vuwriter.com.
Please note the following Bulletins relating to topics of current concern:
|
Importance of the Positive Pay System |
|
|
Insuring Around, Over, or Against Outstanding Enforceable Recorded Defects, Liens, and Encumbrances |
|
|
Underwriting Bulletin Clarification |
|
|
Patriot Act Requirements and the Special Alerts Database [Revised 01/18/12] |
|
|
Paying Off Line of Credit Mortgages |
|
|
Use of Starters for Title Search [Revised 3-23-09] |
|
|
Mechanic’s Liens Recap |
|
|
Issuing Authority and Escrow Instructions |
|
|
Use of Prior Title Evidence (Starter) for Commercial Transactions |
|
|
Disbursement Practices: Good Fund vs. Collected Funds [Revised 04-27-12] |
|
|
Short Sale Transactions |
|
|
Avoidance of Potential Conflicts of Interest |
|
|
Request for Approval (Overlimits) Form |
|
|
Stewart Title’s Forgery Watch Award Program |
|
|
Privacy Policy Opt Out Option |
|
|
2012 Policy Reporting Requirements |
|
|
Creditors’ Rights Coverage for the Current Transaction – Reminder |
|
|
Date of Policy on Schedule A |
Please also note the following Bulletins relating to Mechanic’s Liens During Construction:
|
Mechanic's Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disbursing (1) |
|
|
Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement (3) |
|
|
Mechanic's Liens Coverage During Construction - No Priority (2) |
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage on Lender's Policies During Construction |
|
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage During Construction - No Priority |
|
|
Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement |
|
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement |
|
|
Mechanic's Liens/Construction Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disburse |
|
|
Construction Lien Claims in New Jersey |
|
|
Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement |
|
|
Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement |
|
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage During Construction |
|
|
Mechanic's Liens Coverage During Construction |
As an accommodation, Stewart also distributes Bulletins and Special Alerts electronically. You are encouraged to sign up for electronic distribution of Bulletins and Special Alerts by contacting the Bulletin Coordinator at sylvia.lopez@stewart.com. Please also promptly forward any changes regarding your email address. Please ensure that emails from Stewart are not blocked or misdirected to your spam folder. Please add (sylvia.lopez@stewart.com) to your Address Book and Safe Senders List.
As a reminder, you are responsible for knowledge of and compliance with the information contained in all Bulletins and Special Alerts as posted on Virtual Underwriter (www.vuwriter.com), whether you receive them by electronic distribution or not.
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:
- SLS2012003 2011 Bulletin Recap
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None