- April 04, 2018
- All Nevada Issuing Offices
- RATES AND/OR FORMS UPDATE - REVISED NEVADA AFFILIATE RATE MANUAL
Effective March 16, 2018, the Nevada Affiliate Rate Manual was revised and distributed, reflecting the following changes:
- The simultaneous extended coverage (or concurrent loan policy) discount rate has been decreased by 5% (Zone 2 only).
- The refinance discount rate has been increased by 5% (Zone 2 only).
- An Investor Rate Rule has been added to the manual, which is a specialized discount rate for high volume customers in line with competitor discounts; the discount is 30%, which is 70% of basic charges.
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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.