Bulletin: NY000496

Date:
February 03, 2012
To:
All New York State Agents, Office Counsel and Managers
RE:
STEPS Program

Effective immediately, upon using the STEPS program to generate policies, please note that there are two additional fields:

  1. Property Type:  this field is mandatory and requires either an "R" for residential or a "C" for commercial.  Note that the default is residential.  Please reference Bulletin No. NY000490.
  2. Property County Code:  this field is optional and requires a numeric code.  Please reference either the Remittance Form Coding List or the County Codes List.

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:
NY000490 New Remittance and reporting requirements, MANDATORY REPORTING REQUIREMENT
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None