Bulletin: MU2009003

Date:
March 23, 2009
To:
All Issuing Offices except Pennsylvania and New Jersey
RE:
Closing Protection Letters (Insured Closing Letters)

Dear Associates:

Closing Protection Letters (Insured Closing Letters) may be issued ONLY by use of the Stewart ICL Website: https://www.stewarticl.com. Closing Protection Letters may not be (1) modified, (2) prepared by an Issuing Agent on its Letterhead or in any other format, or (3) typed, computer generated, or signed by an Issuing Agent.

The Stewart ICL Website has the most recent Closing Protection Letter forms approved by STG and maintains a record of the Closing Protection Letters issued. The Stewart ICL Website generates the Closing Protection Letter only for current authorized Issuing Agents (or Approved Attorneys, where allowed and customary). The CPL is generated in HTML format which is to be printed and then sent to the requesting lender. A CPL is not to be sent electronically in a Word format or other format which can be changed without our knowledge or consent.

If you are asked to modify the Closing Protection Letter, please contact the ICL Administrator at icladmin@stewart.com or 800-729-1902.

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.

References

Bulletins Replaced:
None
Related Bulletins:
NL000127 Issuing Commitment and Insured Closing Letters When No Title Insurance Required
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None