- August 11, 2009
- All Pennsylvania Issuing Offices
- TIRBOP Rate Manual Revision - Revised Closing Service Letter with a new Rate
The Pennsylvania Insurance Department recently approved an amended filing of the Title Insurance Rating Bureau of Pennsylvania (TIRBOP) which will become effective September 14, 2009. This amendment approves a revised Closing Service Letter (CSL). The new approved rate for this letter is $75.00. The new CSL provides better lender coverage and for the first time extends coverage to a buyer or borrower.
PA Closing Service Letter (Transaction Specific) 9/14/09 (Click to View)
Revised Pages to PA Rate Manual (Click to View)
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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.