Bulletin: CA2021001

Dear Associates:

The Stewart Title Guaranty Company Schedule of Charges and Forms for Title Insurance, section 3.21, identifies special pricing for transactions that qualify for the Stewart Title Absolute Rate (S.T.A.R.). Subject to certain requirements, the S.T.A.R. offers special pricing on loan transactions involving one-to-four family residential properties, where existing debt is being refinanced.

To qualify for the S.T.A.R., all of the following conditions must be met:

1. The property is a one-to-four family residential property (includes condominiums).
2. The loan transaction is for the refinance of existing debt.
3. The order is opened electronically.
4. The preliminary report is delivered electronically.
5. The policy is delivered electronically.

For S.T.A.R. pricing transactions that satisfy the above requirements, the preliminary report issued may use generic exceptions for such matters as Covenants, Conditions & Restrictions and Easements of record or may reflect the actual filed exceptions of record (e.g., book and page). Further, the loan title policy of insurance may be the ALTA Short Form Residential Loan Policy, the CLTA Standard Coverage Loan Policy, the ALTA Loan Policy (with Western Regional Exceptions), or the ALTA Loan Policy (without Western Regional Exceptions) also known as an ALTA Extended Loan Policy.

All prior requirements and/or restrictions other than those set forth above no longer apply.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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