Bulletin: NY000643
- Date:
- May 13, 2020
- To:
- All New York State Agents
- RE:
- US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) - Geographic Targeting Order: Boroughs of Manhattan, Brooklyn, Bronx, Queens and Staten Island, NY; and others.
This bulletin is continuing guidance on the FinCEN Geographic Targeting Orders (GTO) which were issued to all underwriters. A New GTO has been issued, extending the effective date of the reporting requirement to November 5, 2020. As a reminder, the GTO has defined a covered business to include Stewart Title Insurance Company, Stewart Title Guaranty Company (the Stewart family), its employees and its authorized Title Agents
Please Click Here to view the Bulletin issued by Stewart Title Guaranty Company, which outlines the updated order and provides information on the important changes.
If you have any questions relating to this or other bulletins, please contact a Stewart Title Insurance Company underwriter at 212-922-0050.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
Forms: CTR; ALTA Form WORD; ALTA Form PDF
Attachments: FinCEN GTO
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:
- NY000583 Over limits/High Liability/Special/Extra Hazardous Risks Update New York Policy Issuing Offices
- NY000585 US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) Geographic Targeting Order, Manhattan, Brooklyn, Bronx, Queens and Staten Island NY
- NY000629 US Department of Treasury: Financial Crimes Enforcement Network (FinCEN): Geographic Targeting Order, Manhattan, Brooklyn, Bronx, Queens and Staten Island NY
- SLS2019006 GENERAL - US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) - Geographic Targeting Order: Boroughs of Manhattan, Brooklyn, Bronx, Queens and Staten Island, NY; Counties of Bexar, Tarrant and Dallas, TX; Counties of Miami-Dade, Broward, and Palm Beach, FL; Counties of San Diego, Los Angeles, San Francisco, San Mateo, and Santa Clara, CA; City and County of Honolulu, HI; Clark County, NV; King County, WA; Counties of Suffolk and Middlesex, MA; Cook County, IL [Review 5-12-20]
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None