Bulletin: NY000011

Date:
April 11, 1990
To:
All Underwritten Companies
RE:
Unrecorded Easements/Survey Coverage (Commercial Developments)

Dear Associates:

It has come to our attention with regard to the issuance of Survey Coverage that many surveys fail to reveal unrecorded easements running to the benefit of various utilities and commercial development tracts. Accordingly, whenever Survey Coverage is requested on commercially developed property, please contact the local utility companies in order to verify that they have no unrecorded easements affecting the subject property. In some instances municipalities maintain maps evidencing such unrecorded easements. In that instance please contact the appropriate municipality.

In the event you have any questions concerning the above, please do not hesitate to contact me at your earliest convenience.

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:
5.32 Extended Coverage
Exceptions Manual:
NY Extended Coverage
Forms:
None