|
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
|
|
FDIC Insurance
In
recent
audits
we have
noticed
that
some
agents
still do
not have
their
escrow
account
properly
titled
"Escrow"
or
"Trust"
Account.
Now more
than
ever you
need to
verify
your
account
is
titled
properly
to
receive
the
coverage
you need
from the
FDIC in
the
event
something
should
happen
to your
lending
institution.
SIMPLY
HAVING
"ESCROW"
OR
"TRUST"
PRINTED
ON YOUR
CHECKS
IS NOT
ENOUGH.
If
you're
not
sure,
contact
your
bank
representative
to
discuss
the
conditions
of your
account.
In
addition,
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
title
company
maintains
an
escrow
account
in which
the
funds of
several
customers
have
been
deposited.
The FDIC
has
developed
a
standard
response
to these
inquiries;
click
here
to
review.
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.
Also,
the FDIC
increased
the
insured
amount
from
$100,000
to
$250,000.
Click
here
for
details.
Should
you have
any
questions,
please
contact
our
underwriting
counsel:
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. |
|
|
|
