Bulletin: FL000003

Date:
February 06, 1992
To:
Florida Offices and Agents
RE:
Condominium Law

Dear Associates:

You have just recently received a bulletin from Houston Legal Department concerning a modification of the condominium endorsement resulting from a change in the Florida Condominium Statute which was scheduled to go into effect on January 1, 1992.

Please be advised that subsequent to the preparation of that bulletin, the Florida Legislature as its special session in December has postponed the effective date of the provisions of this new law to April 1, 1992. The purpose of this was to allow the regulatory agency more time to prepare a new set of regulations to go along with the new law. Whether or not there will be any further postponement is uncertain at this time. Accordingly, the effective date of this bulletin from Houston should be considered set back to April 1 as opposed to January 1.

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:
3.40 Condominiums
Exceptions Manual:
FL Condominiums
Forms:
ALTA Endorsement 4 (Condominium)
 
ALTA Endorsement 4.1 (Condominium)