Bulletin: FL000029

Date:
June 08, 1993
To:
All Florida Offices and Agents
RE:
Solar Hot Water Heaters/Worldwide Collection Services

Dear Associates:

There continues to be problems with titles resulting from the recording of "various interests" in real property from Nationwide and Worldwide Collection Services and possibly other affiliated companies. There has also been considerable litigation in order to terminate any such "interest" in real property.

A copy of a letter from the law firm of Keith, Mack, Lewis, Cohen & Lumpkin in Miami, which firm has been involved in the class action law suit is available from your local Stewart Title Guaranty underwriter. The letter establishes a procedure whereby such interests can be deleted from title insurance policies in future closings.

You are requested to follow the procedure outlined in that letter

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:
1.24 Adverse Interests
Exceptions Manual:
FL Adverse Interests
Forms:
None