Bulletin: SC000007

Date:
August 01, 1995
To:
All South Carolina Issuing Agents
RE:
Duration of Liens in South Carolina

Dear Associates:

Federal Tax Lien (26 USCA 6321)
10 Years from assessment (add an additional 30 days for the re-filing period)

Federal Estate Tax Lien (26 USCA 6324)
10 Years from decedent's death

Horizontal Property Regime Assessment (27-31-210)
Code not specific as to duration. 20 year period under 29-1-10 may apply.

Judgment in favor of USA (28 USCA 3201)
20 Years from date of judgment

Judgment Lien (15-35-810)
10 Years from date of judgment

Mortgage (29-1-10)
20 Years from maturity (or date of mortgage, if no maturity date). If mortgage modified, check modification agreement for maturity date.

Mechanic's Lien (29-5-120)
6 months from last furnishing of labor or material. (If civil action to enforce filed within this period, then lien continues for duration of civil action.)

Property Tax (12-49-70)
10 Years from last date taxes could be paid without penalty

State Tax Lien (12-7-2450)
10 Years

State Estate Tax (12-16-1510)
10 Years from date of death

UCC Fixture Filing (36-9-43)
5 Years (term may be extended by re-filing)

The above is intended only as a basic guideline for title transactions. If you have any questions or encounter any unusual factual situation, please contact the District Office for assistance.

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.