Bulletin: MU2009008

Date:
December 02, 2009
To:
All Issuing Offices except in the states of Delaware, Florida, New Mexico, New York, Oregon, Pennsylvania and Texas
RE:
New ALTA Forms (10-22-09)

Dear Associates:

The American Land Title Association (ALTA) has recently adopted the following new or revised forms:

  • ALTA Endorsement 3.1-06 (Zoning-Completed Structure) Revised 10/22/09. This endorsement replaces the prior ALTA Endorsement 3.1-06. Please see the corresponding Guideline (Click to View) for additional information.

  • ALTA Endorsement 11.1-06 (Mortgage Modification with Subordination) (10/22/09). ALTA adopted this new endorsement on 10/22/09. Please see the corresponding Guideline (Click to View) for additional information.

  • ALTA Endorsement 14-06 (Future Advance-Priority) Revised 10/22/09. This endorsement replaces the prior ALTA Endorsement 14-06. Please see the corresponding Guideline (Click to View) for additional information.

  • ALTA Endorsement 14.1-06 (Future Advance-Knowledge) Revised 10/22/09. This endorsement replaces the prior ALTA Endorsement 14.1-06. Please see the corresponding Guideline (Click to View) for additional information.

  • ALTA Endorsement 14.3-06 (Future Advance-Reverse Mortgage) Revised 10/22/09. This endorsement replaces the prior ALTA Endorsement 14.3-06. Please see the corresponding Guideline (Click to View) for additional information.

We are in the process of filing these forms where filing is required. You may continue to issue the prior versions where available.

If you have questions related to this bulletin, please contact Stewart Legal Services or your local underwriting personnel.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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.