In the news ... Tuesday, May 06, 2014

Mid-Atlantic Area

 

Pennsylvania

Three Glenhardie Corporate Center

1265 Drummers Lane, Suite 220

Wayne, PA  19087

(610) 687-8020

(800) 842-2080

(610) 687-6056 - fax

 

Calder Square

P.O. Box 10326

State College, PA  16805-0326

(814) 238-3600

(814) 238-3604 - fax

 

125 Technology Drive, Suite 101

Canonsburg, PA  15317

(866) 364-2777

(724) 746-5434 - fax

 

Delaware

32 The Green

Dover, DE  19901

(302) 734-3570

(800) 722-0784

(302) 734-3254 - fax

 

The 800 King Street Building

800 King Street, Suite 304

Wilmington, DE  19801

(302) 661-1997

(302) 661-1996 - fax

 

Maryland

Columbia Corporate Park

8850 Stanford Blvd., Suite 2900

Columbia, MD  21045

(410) 953-6763

(800) 664-8306

(410) 953-6761 - fax

 

Virginia

9303 Center Street, Suite 101

Manassas, VA  20110-5547

(703) 365-2300

(800) 232-6817

(703) 365-2400 - fax

 

1503 Santa Rosa Road, Suite 233

Richmond, VA  23229

(804) 288-4090

(888) 859-922

(804) 288-4092 - fax

 

6802 Paragon Place

Suite 410

Richmond, VA  23230

(804) 441-6112

(804) 441-6050 - fax


AM Trust Requires Agents to Use ALTA Short Form Policy


AM Trust recently requested that agents only issue the ALTA Short Form Policy when insuring one of their transactions.  In the event you have never used the Short Form Policy, below is further information regarding the form:

  • The Schedule A of the Commitment should indicate your intention to issue the ALTA Short Form Policy.
  • The premium charge is the same for the Short Form Policy as is with the standard Long Form Policy; however, the Short Form includes the 100 and 300 endorsements. To cover the cost of those endorsements, there is an additional $100 fee, which can be added to the premium line of the HUD.
  • If additional endorsements are required, the charge for those remains the same as if issuing a Long Form Policy.
  • The jacket and schedules are different.  The prefix for the Short Form Policy Jacket is MXSP - click here for a sample Jacket and click here for a sample Schedule.  To obtain the Jacket for your agency, please do so through our ezJacket system.
  • Note - the Short Form Jacket is only two pages. The second page can be used to print the Schedule. The Schedule is only one page unless an Addendum is needed.  Click here for a sample Addendum. The Schedule and Addendum are available with all the software packages.

Should you have any questions, please contact our underwriting counsel: Paula Mack, Steve Gratman, Sue Swick, or Dwight Edwards.


 

Please contact Sue Morgan at Old Republic Title with any questions
or give us a call at 610-687-8020 or 800-842-2080. 

 

To unsubscribe to this newsletter, please click here. 

 

 
 
Old Republic Title Update is published by the Mid-Atlantic Area Office of Old Republic National Title Insurance Company in an effort to provide information relative to our industry on a timely basis. None of the materials included in this publication should be deemed legal or underwriting advice or should be acted upon without prior consultation with your underwriter or counsel.