Bulletin: IL2022002

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Bulletin: IL2022002

Bulletin Document
Date: March 07, 2022
To: All Illinois Issuing Offices
RE: UNDERWRITING - Disclosure of Financial Interest Form (“DS-1”), Illinois Department of Financial and Professional Regulation-Division of Financial Services

Dear Associates:

On March 3, 2022, an Illinois court issued a temporary restraining order in connection with the new DS-1 form that went into effect on March 1, 2022.  Until further instruction is provided by the court, all Illinois issuing offices should continue to use and file the previous version of the DS-1 form for all applicable transactions. For reference, the correct form is included as an attachment to this bulletin. 

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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.


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