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: PA2010007
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Bulletin: PA2010007
Dear Associates:
Recently the City of Philadelphia, Water Department, has implemented new regulations regarding charges for Storm Water Management services. In the past, customers were charged based on the size of their water meter. This fee was included in the monthly service charge along with water treatment and administrative costs. The Citizen's Advisory Group advised the Council that the true stormwater costs should take into account the property's effect on the system and charge the property for its gross and impervious areas. Thus, vacant lots will now bear the cost of storm water management.
You will see a separate line item for Storm Water Management services. As of July 1, 2010, properties that did not have a water/sewer account will begin receiving a monthly bill for the Storm Water Management Service.
If the property has a BRT#, it will have a water/sewer bill. Be aware to look for this bill as it is a municipal charge that may take priority over an insured document.
If you have questions relating to this or other bulletins, please contact your local underwriting personnel or Stewart Legal Services.
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References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None