In the news ... Friday, October 10, 2008

Mid-Atlantic Area

 

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

 

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  15314

(866) 364-2777

(724) 746-5434 - 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

 

1245 Mall Drive

Richmond, VA  23235

(804) 897-5499

(888) 859-9222

(804) 288-4090


FDIC ALERT

 

To:                   All Old Republic National Title Agents and Offices

From:               Underwriting Department

Re:                   FDIC Insurance Concerns

Date:                October 10, 2008

  

The Federal Deposit Insurance Corporation (FDIC) has received several inquiries from title companies concerning the amount of FDIC insurance which is available when: (1) a bank insured by the FDIC fails; and (2) the attorney’s escrow account – an escrow account which maintains funds of several customers that have been deposited. 

The FDIC has developed a standard response to these inquiries.  One such response, issued on July 21, 2008, is being forwarded to you for your convenience (click here to view).  Any questions concerning this issue may be directed to the FDIC at the toll-free number or at the web site referenced in the attachment. 

If you have any questions, please contact Steve Gratman at 800-842-2080.  

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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.