Bulletin: OK2020002

Date:
March 25, 2020
To:
All Oklahoma Issuing Offices
RE:
UNDERWRITING - Suspension of Deadlines and Extension of Statutes of Limitation

Dear Associates:

The Oklahoma Supreme Court and Oklahoma Court of Criminal Appeals have issued a joint Emergency Order available for review here https://www.oscn.net/v4/.

The order includes two provisions particularly relevant to underwriting issues. They provide: 1. that all deadlines and procedures, whether prescribed by statute, rule, or order, are suspended for thirty days from March 16, 2020 (the date of the order); and 2. that all statutes of limitations in civil cases shall be extended for thirty days from March 16, 2020. The order also provides that it is subject to extension or modification as necessitated by the state of emergency.

You may not rely on the expiration of any deadlines (such as the time to file an appeal, or motion for new trial) or the running of any statute of limitation (such as enforcement of judgment liens, tax liens or deed of trust liens) which occur after March 15, 2020. You should monitor the Court’s website to determine if the order is extended or further amended.

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