Bulletin: NY000213

Date:
October 20, 2003
To:
All New York State Office Counsel, Managers and Agents
RE:
Stolen Official Checks/New York Community Bank

Dear Associates:

By Special Alert dated October 17, 2003, the Federal Deposit Insurance Corporation advises that 500 official checks (presumably blank) have been reported stolen by New York Community Bank, whose home office is in Westbury, New York. A copy of the FDIC Alert containing further details regarding the matter is attached to this Bulletin. Please be advised however that the copy of the voided genuine check as referenced in the FDIC Alert, is not attached.

It is imperative that all closers for your offices be advised of this development immediately. Any official check of New York Community Bank presented at closing must be reported by the closer to the branch or agency involved and examined by branch or agency personnel to insure that the check number is not among those reported stolen. In the event of any uncertainty regarding the authenticity of such a check, please call company counsel for guidance before proceeding with the closing.

Dissemination of this information among your customers is encouraged as well.

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:
SLS00178 FDIC Special Alert Notices - SA-63-2003, SA-64-2003, SA-65-2003
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None