Bulletin: NY000006

Date:
January 04, 1990
To:
All Underwritten Companies
RE:
Water Rents and Sewer Charges for New York City

Dear Associates:

It has been recently brought to our attention that a retroactive lien for Water Charges and Sewer Rents shall be imposed by the City of New York for the period of January 1, 1990 through June 30, 1990. It is our understanding that entries of the liens will be posted in the Collector's Records and adjusted bills are to be mailed during the month of February 1990. Accordingly, the following except ion should be raised and existing commitments modified as follows:

"Policy shall except retroactive imposition of the lien of Water Charges and Sewer Rents for the period of January 1, 1990 to June 30, 1990. Note: Water Charges will be increased by nine percent (9%) and Sewer Rents will be one hundred twelve percent (112%) of the New Water Charge. Please make certain that a current In Rem Card is on file and confirm with the City Collector if you do not receive a bill by February 28, 1990."

In the event you have any further questions with regard to the above or if I can be of any assistance concerning same, please do not hesitate to contact me.

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:
19.04 Taxes And Assessments
Exceptions Manual:
NY Taxes, Real Property
Forms:
None