June 24, 2013
Effective July 1, 2013 the checkbox in EPIC for the National Streamlined Bundled Rate will no longer be available.
Per our previous bulletin, our new rate filing became effective June 15, 2013. This rate filing was primarily to withdraw the National Streamline Bundled Residential rate per the Colorado Division of Insurance and update a few items detailed below. Our basic rate structure did not change. As you were previously directed, you are permitted to close any orders in the pipeline where the National Streamline Bundled Residential rate was offered prior to the DOI's notification, but we can no longer market or offer the rate on an on-going basis.
Other changes that took effective June 15 are:
1. Ability to charge a cancellation fee for title orders where work has been performed on transactions that do not close.
2. Ability to charge a cancellation fee for escrow where work has been performed on transactions that do not close.
3. Clarifying language for the Form 110.1 which has no charge when issued in conjunction with the Form 130 and/or Form 100.
Please forward to the associates in your office. If you have any questions, please contact us at 303-292-3055 or 800-525-6558 x0.