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.
Bulletin: WY000008
Bulletins by State or Territory
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Bulletin: WY000008
Dear Associates:
Provided that the tracts in question lie in areas where the Company has found good survey control to exist, effective immediately, STG will no longer require a survey in order to give extended coverage as to survey matters in loan policies issued on 1-4 residential properties. The survey exception may be deleted without any additional requirements. Of course, you would continue to except to easements of record and any unrecorded easements of which you have knowledge, either by virtue of an old survey coming into your possession or information obtained from a starter policy which conforms to STG requirements. These 1-4 residential policies can be either subdivision lots or acreage tracts under 25 acres.
In addition, STG will no longer require a survey in order to give extended coverage as to survey matters in loan policies issued on commercial transactions with liabilities of $1,000,000.00 and under. Exceptions are to be shown as outlined above.
Owner's Policies are not covered by this bulletin.
If you have any questions, please call your Stewart Underwriting Representative or the National Legal Department.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- Exceptions Manual:
- Forms:
- None