Virtual Underwriter

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Bulletin: NY000450

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Bulletin: NY000450

Bulletin Document
V 1
Date: July 06, 2010
To: All New York State Policy Issuing Offices
RE: NYC Finance-Notice of Recorded Document Program

The New York City Department of Finance is implementing a new program to allow property owners, lienors, or their designees (or executors/administrators of the estates of owners) to register to receive electronic notification when a deed or deed-related document, or a mortgage, or mortgage-related documents, affecting an ownership interest in real property has been recorded against a property in the City of New York. This program will alert registered property owners when documents are recorded without their knowledge and will allow them to take steps to limit the harm caused by the recording of a fraudulent document. 

The following has been posted to ACRIS:

Program Description
http://nyc.gov/html/dof/html/pdf/recorded_documents/notice_of_rec_descrip.pdf

Frequently Asked Questions
http://nyc.gov/html/dof/html/pdf/recorded_documents/notice_of_rec_faq.pdf  

Online Application http://a836-acris.nyc.gov/nrd/  

Form for Notice by Mail
http://nyc.gov/html/dof/html/pdf/recorded_documents/notice_of_rec_doc.pdf


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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.

References