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: FL000076
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Bulletin: FL000076
Dear Associates:
There have been some recent filings of IRS Release of Liens which are bogus. They appear to have the same format as legitimate IRS Release Liens but those which we have actually seen to date have a notation on the lower right hand corner to the effect that this is not a United States Government Form, the notation reading "NON US GOV FORM." There may also be a date associated with the notation.
Accordingly, when clearing an exception for an IRS Lien where you do not obtain the release directly from the government but which you find in the public record, examine the same carefully and make sure it is in fact on a US Government Form before accepting the same.
When examining a release of an IRS lien in an amount in excess of $25,000.00, we require that you verify that release directly with the IRS and document your file to that effect. This should not be a particular burden as this circumstance would not arise frequently.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None