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: NC2008002
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Bulletin: NC2008002
Dear Associates:
Due to the current economic climate, the following procedure must be used until further notice in insuring transactions where there is new construction. A long form lien waiver must be used to insure these type transactions.
Please refer to the following list as a guide for necessary signatures: framers, electricians, plumbers, HVAC contractors, trim carpenters, sheet rock installers, painters, grading contractors, cement supplier, cement finishers, masonry contractors and suppliers, roofer, landscapers and suppliers, surveyors, building suppliers, electrical suppliers, plumbing suppliers, security system suppliers and installers, sound system suppliers and installers, water well driller, septic system installer and supplier, architect and/or designer, termite treatment company, wallpaper hangers, propane/natural gas suppliers, specialty appliance suppliers. Ask about kitchen cabinets, lighting fixtures, plumbing fixtures, flooring and windows, these may be specialty items as well.
Please contact the following North Carolina Underwriting Counsel should you have questions regarding these matters:
Hugh Talton
N.C. State Manager and Underwriting Counsel
Stewart Title Guaranty Company
9800 W Kincey Avenue, Suite 170
Huntersville, NC 28078
704-947-3755
Hugh.Talton@stewart.com
Stewart Lien Waiver (click to view)
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