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: NE2012005
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Bulletin: NE2012005
Dear Associates:
Effective July 25, 2012, the Nebraska Department of Insurance approved the following endorsement forms and premium charges:
ALTA Endorsement 11.1-06 Mortgage Modification with Subordination. Charge: $25.00
ALTA Endorsement 29-06 Interest Rate Swap Endorsement - Direct Obligation. Charge: $25.00
ALTA Endorsement 29.1-06 Interest Rate Swap Endorsement - Additional Interest. Charge: $25.00
ALTA Endorsement 29.2-06 Interest Rate Swap Endorsement - Direct Obligation - Defined Amount. Used for commercial transactions only. Charge: Based on applicable increase in liability for the additional amount set forth in the endorsement form based upon the basic schedule of charges in our rate manual.
ALTA Endorsement 29.3-06 Interest Rate Swap Endorsement - Additional Interest - Defined Amount. Used for commercial transactions only. Charge: Based on applicable increase in liability for the additional amount set forth in the endorsement form based upon the basic schedule of charges in our rate manual.
ALTA Endorsement 30-06 One to Four Family Shared Appreciation Mortgage. Charge: $25.00
ALTA Endorsement 31-06 Severable Improvements. Used for commercial properties only. Charge: $25.00
ALTA Endorsement 32-06 Construction Loan - Loss of Priority. Charge: $25.00
ALTA Endorsement 32.1-06 Construction Loan - Loss of Priority - Direct Payment. Charge: $25.00
ALTA Endorsement 33-06 Disbursement. Charge: $25.00
ALTA Endorsement 34-06 Identified Risk Coverage. Charge: $25.00
If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- ALTA Endorsement 11.1-06 (Mortgage Modification with Subordination) (10-22-09)
- ALTA Endorsement 29-06 (Interest Rate Swap Endorsement - Direct Obligation) (2-3-10) TC 4-2-14; 8-1-16
- ALTA Endorsement 29.2-06 (Interest Rate Swap Endorsement - Direct Obligation - Defined Amount) (8-1-11) TC 4-2-14; 8-1-16
- ALTA Endorsement 29.3-06 (Interest Rate Swap Endorsement - Additional Interest - Defined Amount) (8-1-11) TC 4-2-14; 8-1-16
- ALTA Endorsement 30-06 One to Four Family (Shared Appreciation Mortgage) (7-26-10)
- ALTA Endorsement 31-06 (Severable Improvements) 2-3-11
- ALTA Endorsement 32-06 (Construction Loan) (2-3-11) TC 12-1-18
- ALTA Endorsement 33-06 (Disbursement) (2-3-11)
- ALTA Endorsement 34-06 (Identified Risk Coverage) (8-1-11)