Bulletin: AL000011

Date:
June 25, 1997
To:
All Alabama Agents
RE:
ALTA Junior Loan Policy and Endorsement JR 1 and JR 2, ALTA Short Form Junior Loan Policy, ALTA 11 - Modification Endorsement

Dear Associates:

Stewart Title Guaranty Company filed the above new ALTA policies and endorsements with the Alabama Insurance Commissioner. These forms will be available to you from the Houston Forms and Information Department (1-800-729-1901), after June 30, 1997, or the date of final approval from the Commissioner.

It is anticipated that the Junior Loan Policy will give the Junior mortgage lender the coverage that they seek while greatly reducing your search time.

As always, do not hesitate to call so that we may answer questions that you may have.

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

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
ALTA Junior Loan Policy Endorsement JR 1 (Supplemental Coverage) 1996
 
ALTA Junior Loan Policy Endorsement JR2 (Revolving Credit/Variable Rate) 1996