Bulletin: UT2014001

Dear Associates:

Changes have been made to the Utah Rate Manual. The Manual has been filed with the Utah Department of Insurance and will be effective May 9, 2014. The Manual was updated to reflect the changes noted below and to clarify ambiguities in the rates; to make the rates charges on ALTA endorsements and similar CLTA endorsements consistent; and in some instances change the rate charged for the endorsement. Additionally, policy forms that were no longer being used were deleted from the list of forms available. Please take the opportunity to familiarize yourself with the modified Rate Manual which will be effective May 9, 2014. 

Highlighted below are the significant changes to the Rate Manual.

Section B-2 A. 2) The charge for an extended Owner’s Policy is now 50% of the Basic Schedule of Charges.

Section B-5 G. The charge for an ALTA Homeowner’s Policy is 110% of the charge for a standard owner’s policy.

Section B-13. A fee is now charged for each Closing Protection Letter (“CPL”). The charge for a lender, buyer/borrower is $25 and for $50 for a seller. The CPL fee is payable in full to Stewart.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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