Bulletin: HI2023001

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Bulletin: HI2023001

Bulletin Document
V 5
Date: August 24, 2023
To: All Hawaii Issuing Offices
RE: UNDERWRITING - Aftermath of Lahaina Fires

Dear Associates:

In the aftermath of the tragic fires in Lahaina, Maui, Governor Josh Green said that he had instructed the state attorney general to work toward a moratorium on land transactions in Lahaina. He acknowledged the move will likely face legal challenges.

"My intention from start to finish is to make sure that no one is victimized from a land grab," Green said at a news conference. "People are right now traumatized. Please do not approach them with an offer to buy their land. Do not approach their families saying they'll be much better off if they make a deal. Because we're not going to allow it."

In light of the above, Stewart Title Guaranty Company will require that all real property transactions in the city of Lahaina, be approved by the STG underwriting department, effective immediately.

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