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: LA2009003
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Bulletin: LA2009003
Dear Associates:
The Louisiana Department of Insurance has approved the new Form and new Rate Rule filing made by LATISSO for the endorsements referenced below. The new Forms and new Rate Rules become effective April 1, 2009, and are as follows:
ALTA Endorsement 8.2-06 (Commerical Environmental Protection Lien) (10/16/08)
This endorsement may be issued only in connection with Loan Policies issued on commercial property to insure the priority of the mortgage lien against existing or subsequently recorded federal or state environmental protection liens, except with respect to environmental protection provided for by certain statutes identified in the endorsement.
Rate: $100
LATISSO100 Collateral Mortgage Endorsement (04-01-09)
This endorsement is similar to the ALTA Endorsement 14-06 (Future Advance) but is available only for Collateral Mortgages. The coverage is identical to the Form 14 except that it requires perfection of the security interest in the mortgage by the pledge of the collateral mortgage note. It is filed to accommodate the unique character of the Collateral Mortgage in Louisiana.
Rate: $100
LATISSO101 Multiple Indebtedness Mortgage Endorsement (04-01-09)
This endorsement is similar to theALTA Endorsement 14-06 (Future Advance) but is available only for Multiple Indebtedness Mortgages, which is another name used in Louisiana for a Future Advance Mortgage.
Rate: $100
The Louisiana Rate and Form Manual has been updated to reflect the addition of these new forms and new rates. Please go to www.stgla.com for the updated manual and the new forms in electronic format.
If you have questions relating to this bulletin, please contact Louisiana Underwriting Personnel at (800) 209-4675 or Stewart Legal Services.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None