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: NY000569
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Bulletin: NY000569
Stewart Title Insurance Company has been advised that the Nassau County Clerks computer systems relating to the real property index are not reporting the status of the public record correctly and the most recent data (with the last 90 days) is not available. Accordingly in the event you have a title closing on Stewart Title Insurance Company you must first contact the legal department for clearance on each transaction before the matter is closed. We apologize in advance for this extra step however we must be prudent in providing title insurance on transactions given the county’s current computer issues. Stewart will be approaching each transaction on a per case basis. Once Nassau County has confirmed the public record is accurate and available to search, we will remove this restriction.
If you have any questions please call 212-922-0050 and speak with any Agency Legal Services counsel.
For on-line viewing of this and other bulletins, log onto www.stewart.com/new-york.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None