Bulletin: WI000004

Date:
February 15, 1995
To:
All Wisconsin Stewart Title Issuing Agents
RE:
Home Equity Policy

Dear Associates:

Home Equity Policy Guidelines:

(Applicable to Wisconsin Property Only)

Please see bulletin WI000003 Home EquityPolicy. Additionally, further instructions are available by contacting the Wisconsin State Office. These materials give you the necessary background and underwriting guidance on this new policy form.

Unlike other products, the policy is the initial item issued. There is no commitment. Accordingly, once you have provided the customer the policy (which is prenumbered), a charge is due; and this may prove a marketing hardship for some of you. If it does, please contact me. We are working on the procedures for handling this.

Please note that you must search all the way back for open mortgages, security agreements, UCC's, etc.. You cannot just cite items since the title vesting date.

Please alter the continuation endorsement exemplified on the continuation endorsement available through the Wisconsin State Office.

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.