Bulletin: OH2018001

Date:
April 16, 2018
To:
All Ohio Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New Forms and Rates Approved

Dear Associates:

The Ohio Title Insurance Rating Bureau has approved the following revised Forms and Rates for use in Ohio, effective May 1, 2018:

Revised FORMS filed:

  • ALTA Endorsement 4-06 (Condominium - Assessments Priority) Adopted 06-17-2006, Revised 10-16-2008, 02-03-2010 Technical Correction 12-01-2016 
  • ALTA Endorsement 4.1-06 (Condominium - Current Assessments) Adopted 06-17-2006, Revised 10-16-2008 Technical Correction 12-01-2016 
  • ALTA Endorsement 5-06 (Planned Unit Development - Assessments Priority) Adopted 06-17-2006 Revised 10-16-2008, 02-03-2010 Technical Correction 12-01-2016 
  • ALTA Endorsement 5.1-06 (Planned Unit Development - Current Assessments) Adopted 06-17-2006 Revised 10-16-2008 Technical Correction 12-01-2016 
  • ALTA Endorsement 18.1-06 (Multiple Tax Parcel - Easements) Adopted 06-17-2006 Technical Correction 12-01-2016 
  • ALTA Endorsement 23.1-06 (Co-Insurance - Multiple Policies) Adopted 08-01-2016 Revised 08-01-2017 
  • ALTA Endorsement 28.3-06 (Encroachments - Boundaries and Easements - Land Under Development) Adopted 04-02-2015 Technical Correction 12-01-2016 
  • ALTA Expanded Coverage Residential Loan Policy - Current Assessments - Modified - OH Adopted 04-02-15 
  • ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments - Modified OH Adopted 04-02-15

Revised RATE/RULES Filed:    

ER-4 OTIRB OH-4 CONDOMINIUM - ASSESSMENTS PRIORITY - LOAN POLICY (ALTA FORM 4).       

ER-4.1 OTIRB OH-4.1 CONDOMINIUM - CURRENT ASSESSMENTS (ALTA FORM 4.1).

ER-5 OTIRB OH-5 PLANNED UNIT DEVELOPMENT - ASSESSMENTS PRIORITY - LOAN POLICY (ALTA FORM 5).

ER-5.1 OTIRB OH-5.1 PLANNED UNIT DEVELOPMENT - CURRENT ASSESSMENTS (ALTA FORM 5.1).

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 each state should be used, unless approved by a Stewart underwriter.

NOTE:  Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new form changes implemented in your system.

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.