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: TX2020001
Bulletins by State or Territory
Bulletins by Country
Bulletin: TX2020001
Dear Associates:
Texas Land Title Association’s (TLTA) petition to revise certain rate rules was approved and officially ordered by the Commissioner of Insurance in 2019 with statistical codes effective as of January 1, 2020. See Texas Bulletin TX2019006 below for additional information on rate rule changes.
Below are updated Standard Transaction Codes for Texas Operations with edits noted in red. While TDI will make the entire Title Statistical Plan, including the Transaction Codes available on their website in the following weeks, you may now use the chart below for all applicable transactions.
Description of Transaction | Rate Rule Reference | Code | Change Number |
Owner’s Policies | |||
Single Issue | R-1 | 1000 | 1 |
Single Owner’s Policy for Separate Purchases | R-3b | 1001 | 2 |
Single Issue Pay-As-You-Go | R-2c | 1005 |
|
Single Issue with Subsequent Improvements or Multiple Owner’s Policies surrendered with Single Issue with Subsequent Improvements | R-3a | 1100 | 3(a) |
Single Issue Following Construction in excess of $5,000,000 | R-20 | 1190 | 3(c) |
Single Issue U.S.A. (Forms T-6 or T-9) | R-17 | 7000 |
|
Single Issue U.S.A. (Form T-11) | R-17 | 7050 | 4 |
Single Owner’s Policy for Separate Purchases Simultaneous with Loan Policy | R-3b | 1002 | 5 |
Simultaneous with Loan Policy | R-5a | 1200 |
|
Simultaneous with Loan that Exceeds Owner’s | R-5b | 1201 | 6 |
Simultaneous with Pay-As-You-Go Loan | R-5e | 1205 | 7 |
Simultaneous with Pay-As-You-Go Loan – Owner’s Exceeds Loan | R-5e | 1215 | 8 |
Simultaneous with Loan with Credit for Previous Owner’s Policy or Policies (Owner’s Policy issued per P-8a) | R-5c R-5d | 1230 | 9, 10 |
Owner’s Policy Simultaneous with Loan with Credit for Previous Owner’s Policy or Policies (Owner’s Policy issued without P-8a) | R-5d | 1231 | 11 |
Simultaneous with Grantor’s | R-21 | 1250 | 12 |
Simultaneous with Loan Following Construction in excess of $5,000,000 | R-20 | 1290 | 13 |
Subsequent to Interim Construction Loan Binder | R-13B(2) | 0040 | 14 |
Leasehold (Single Issue) | R-1 | 1300 | 15 |
Leasehold Simultaneous with Owner’s Policy | R-22 | 1350 |
|
Leasehold Pay As-You-Go (Single Issue) | R-2c | 1305 |
|
Leasehold (Simultaneous Issue) | R-5a | 1400 |
|
Leasehold Pay-As-You-Go (Simultaneous Issue) | R-5e | 1405 | 16 |
Leasehold (Simultaneous Issue) Loan Exceeds Owner’s | R-5b | 1500 | 17 |
Leasehold Pay-As-You-Go (Simultaneous Issue) Loan Exceeds Owner’s | R-5e | 1505 | 18 |
Loan Policies | |||
Single issue | R-1 | 3000 | 19 |
Single Issue (Previously issued variable rate mortgagee or loan policy) | R-4 | 3001 | 20 |
Single Issue Pay-As-You-Go | R-2a | 3005 |
|
Single Issue Construction Loan | R-1 | 3010 | 21 |
Single Issue Refinance of Construction Loan | R-18 | 3011 | 22 |
First Lien Policy – Simultaneous with Subordinate Lien Policy(ies) | R-7 | 3200 |
|
Simultaneous with Owner’s Policy | R-5a | 3210 |
|
Simultaneous with Owner’s Policy up to 90 days | R-5f | 3211 | 46 |
Simultaneous with Owner’s Policy Pay-As-You-Go | R-5e | 3215 | 23 |
Simultaneous with First Lien Policy | R-7 | 3220 |
|
Simultaneous with Owner’s Policy when Loan Policy Exceeds Owner’s | R-5b | 3250 | 24, 25 |
Simultaneous with Owner’s that Exceeds Loan (Pay-As-You-Go) | R-5e | 3255 | 26, 27 |
Simultaneous with Owner’s with Credit for Previous Owner’s Policy or Policies | R-5c R-5d | 3280 | 28, 29 |
Simultaneous with Owner’s Following Construction in excess of $5,000,000 | R-20 | 3290 | 30 |
Limited Pre-Foreclosure Policy (T-98) | R-26 | 3295 |
|
Limited Coverage Junior Loan Policy (T-44) | R-27a | 3297 | 31 |
Leasehold (Single Issue) | R-1 | 3300 | 32 |
Leasehold Pay-As-You-Go (Single Issue) | R-2a | 3305 |
|
Leasehold (Simultaneous Issue) | R-5a | 3320 |
|
Leasehold Pay-As-You-Go (Simultaneous Issue) | R-5e | 3325 | 33 |
Leasehold (Simultaneous Issue) Loan Exceeds Owner’s | R-5b | 3340 | 34 |
Leasehold Pay-As-You-Go Simultaneous with Owner’s that Exceeds Loan | R-5e | 3345 | 35 |
Subsequent to Owner’s Policy Excepting to Lien | R-6a | 3230 |
|
Subsequent to Loan Policy | R-6b | 3240 |
|
Insolvent Insurer Replacement Policy | R-6c | 3241 |
|
Subsequent to Interim Construction Loan Binder | R-13B(1) | 0030 | 36 |
Refinance of Loan within One Year | R-8a | 4001 | 37 |
Refinance of Loan within Two Years | R-8a | 4002 | 37 |
Refinance of Loan within Three Years | R-8b | 4003 | 37 |
Refinance of Loan within Four Years | R-8c | 4004 | 37 |
Refinance of Loan within Five Years | R-8d | 4005 | 37 |
Refinance of Loan within Six Years | R-8e | 4006 | 37 |
Refinance of Loan within Seven Years | R-8f | 4007 | 37 |
Refinance of Loan within Eight Years | R-8g | 4008 | 45 |
Texas Limited Coverage Residential Chain of Title Policy Combined Schedule (T-53) | R-35 | 6000 | 39, 40 |
Interim Construction Loan Binder Transactions |
|
| 44 |
Note: Moved to Loan Policies section |
|
| 37 |
Note: Moved to Owner’s Policy section |
|
| 14 |
Loan Title Policy Binder on Interim Construction | R-13 | 8020 |
|
Extension Endorsement | R-13 | 8021 |
|
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.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None