Bulletin: NY000284

Date:
June 02, 2006
To:
All New York State Office Counsel, Managers and Agents
RE:
Production Programs

Some production programs have a built-in rate calculator which may not have the latest rates.

Please check all rates with the Stewart rate calculator, which can be found at www.stewartnewyork.com.

The Stewart calculator is web based and is updated as required, ex. new premium rates, new tax rates.

There are many other features of the Stewart rate calculator which may be of interest.  The calculator also computes transfer tax and mortgage tax, including local transfer and mortgage taxes.

Additionally, endorsements can be checked and the premium will be calculated. 

Along with endorsements, other fees, such as bankruptcy searches, survey inspections, etc can be added to produce an all inclusive bill.

If you want to learn more about the rate calculator, contact the legal department at 212.922.0050.

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:
None
Exceptions Manual:
None
Forms:
None