Bulletin: AK2018001

Date:
April 04, 2018
To:
All Alaska Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - COMMITMENT, POLICY, AND ENDORSEMENT Forms for Alaska

Dear Associates:

Please be advised that the following forms have been approved for issuance in the state of Alaska effective April 2, 2018:   

  • ALTA Short Form Commitment for a Short Form Residential Loan Policy (009-UN) (12/01/17). Please note that the "Notice" provision should be included in the form.  
  • ALTA Limited Pre-Foreclosure Policy (M-9133) (12/03/12)ALTA Expanded Coverage Residential Loan Policy - Current Assessments (M-9222) (04/02/15) 
  • ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments (U-9224) (04/02/15) 
  • ALTA Short Form Residential Loan Policy - Current Violations (U-9225) (04/02/15)
  • ALTA Form 4-06 Condominium - Assessments Priority (E-9242) (02/03/10) 
  • ALTA Form 5-06 Planned Unit Development - Assessments Priority (E-9243) (02/03/10) 
  • ALTA Form 10-06 Assignment (E-9244) (02/03/10) 
  • ALTA Form 10.1-06 Assignment and Date Down (E-9245) (02/03/10) 
  • ALTA Form 14-06 Future Advance-Priority without MML (E-9163) (02/03/11) 
  • ALTA Form 14.1-06 Future Advance - Knowledge without MML (E-9165) (02/03/11) 
  • ALTA Form 14.2-06 Future Advance - Letter of Credit without MML (E-9167) (02/03/11) 
  • ALTA Form 14.3-06 Future Advance - Reverse Mortgage without MML (E-9169) (02/03/11) 
  • ALTA Form 23.1-06 Co Insurance - Multiple Policies (E-9234) (08/01/17) 
  • ALTA Form 28-06 Easement - Damage or Enforced Removal (E-9246) (02/03/10) 
  • ALTA Limited Pre-Foreclosure Policy - Date-Down Endorsement (E-9134) (12/03/12)

Please contact PropertyInfo Customer Care or your title production software provider to have these forms added to your system. 

Rate filings are required in Alaska, and the current manual lists all of our endorsements with pricing. Therefore some more steps are required; if you intend to charge for any of the above policies and/or endorsements, please let us know the appropriate rate so that we may file them. If no charges will be captured, then we will simply wait until the next rate filing to add these forms to the manual. 

As a reminder, other forms should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in your state should be used, unless approved by a Stewart underwriter.   

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.