Bulletin: MO2020001

Date:
March 23, 2020
To:
All Missouri Issuing Offices
RE:
UNDERWRITING - Missouri Supplemental COVID-19 Bulletin

Dear Associates:

As the State of Missouri seeks to minimize the spread of the COVID-19 virus many government offices are limiting physical access to the public. Stewart Title Guaranty Company (“Stewart”) is committed to our partners and providing solutions to allow agents to continue closing and insuring transactions. Given the uncertainty of how COVID-19 may impact the recording and indexing of documents, Stewart has issued a National Bulletin that provides guidelines for insuring transactions.

For transactions which fall outside one or more of the conditions listed in the National Bulletin, please contact a Missouri underwriter for approval prior to issuing policies.

Please note that the following recommendations apply to Missouri transactions:

Recommendations to comply with the recording requirement pursuant to Section 381.026.1, RSMo:

  1. Document the file with a copy/picture of the postmarked envelope sent to the County Recorder of Deeds.
  2. Document the file with a receipt for overnight delivery to the County Recorder of Deeds.
  3. The person that hand delivered documents to the County Recorder of Deeds should document the file with a signature and date the task was performed.

Additional information regarding COVID-19 is available by clicking here.

As a reminder, you are responsible for knowledge of and compliance with the information contained in all Bulletins and Special Alerts as posted on Virtual Underwriter (www.vuwriter.com), whether you receive them by electronic distribution or not.

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.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None