- June 12, 2014
- All Arkansas Issuing Offices
- RATES AND/OR FORMS UPDATE - New Schedule of Charges for use in Arkansas effective August 1, 2014
The purpose of this Bulletin is to inform you that an updated version of our rate manual will go into effect August 1, 2014. The new rate schedule is attached for your use. It should be noted that the new rates only affect Endorsements recently added to Virtual Underwriter for use in Arkansas and a reduction in the price of the Usury Endorsement.
Fees for all endorsements are divided between the Agent and Stewart based upon your contractual remittance rate except for Usury and Zoning which are considered to be extra hazardous risks which requires the full charge to be remitted to Stewart.
A new version of our “Rate Calculator” will be made available to you in the near future which will compute these charges and your remittance amount.
Please take some time to familiarize yourself with these new charges.
For questions and assistance regarding this matter, please contact our Arkansas office at 1-800-272-2223.
If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.
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.