Virtual Underwriter

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Bulletin: SLS2010019

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Bulletin: SLS2010019

Bulletin Document
V 2
Date: September 22, 2010
To: All Issuing Agents
RE: Closing Protection Letter (Insured Closing Letter) Updates

Dear Associates:

Effective September 24, 2010, the following application rules to the ICL system will be applied in order to implement the data updates indicated below:

1.) Required Fields - All Closing Protection Letters (Insured Closing Letters) will now require the following information:
         a. File Number
         b. Buyer/Borrower
         c. Property Address (Street, City, State, Zip)

2.) Default Letter Template Changes in Non-Promulgated Letter States - The existing default template, "STG Limitations", will be replaced by the "STG Single Transaction" template for all letters created in the non-promulgated letters states. (Promulgated states are: AR, FL, GA, LA, MO, NJ, NC, OH, PA, TX, VT, VA, WV)

The "STG Limitations" letter can be requested if necessary by contacting the ICL Administrator (icladmin@stewart.com or 800-729-1902). Please also contact the ICL Administrator with any questions or concerns.

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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