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: IN2023003
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Bulletin: IN2023003
V
4
Date: May 10, 2023
To:
All Indiana Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - NEW RATES APPROVED
Dear Associates:
The following new rates are now available for use in Indiana effective May 15, 2023:
The revised rate manual is available here.
The following is a summary of the changes to the rate manual:
- Correct the definition of residential real property (page 5)
- Correct the calculation for Residential Simultaneous Issue Loan higher than Owner to read that there is an additional charge of $1 per $1000 for the additional coverage (page 6)
- Correct the minimum charge for the Expanded Loan Policy from $165 to $83 (page 10)
Please remember to contact Property Info Customer Care or your title production software vendor to get the new rates implemented in your system.
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:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None