OLD REPUBLIC TITLE UPDATE

In the news ...   Wednesday, July 25,  2012

  

Closing Protection Letter Fee


Closing Protection Letter Fee

As you are aware from the e-blast dated, July 2, 2012, there will be a $20.00 fee charged for Closing Protection Letters issued for transactions that close on or after August 1st.  

Procedure:

When generating your ezJacket, calculate the premium as you normally would. The Closing Protection Letter box will then appear. Check the box if a Closing Protection Letter was issued for this case. Once the box is checked and the premium is calculated, you will then see the $20.00 fee.  

Reporting:

When selecting the non-remitted policy tab you will see only premium at first.

The Closing Protection Letter fee will not appear on this screen unless you select the "details" button.

 Once you have selected the "details" button, you will be able to see the Closing Protection Letter fee along with the premium.

When you are ready to remit your policies and have checked the "Remit" boxes, your report will be generated as usual and will show a new column that says "Fees/Taxes" which will reflect the Closing Protection Fees.  

The Closing Protection Fee can be included in your check along with the premium.  

Please feel free to contact us if you have any questions.  Thank you.

Bulletin 20-2012

 

 

 

 

 

To unsubscribe to this newsletter, please click here. 

 

Pennsylvania

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

(814) 238-3600

(814) 238-3604 - fax

 

790 Holiday Drive
Third Floor
Pittsburgh, PA 15220
877-596-1260
412-921-6417 - fax

Delaware

32 The Green

Dover, DE  19901

(302) 734-3570

(800) 722-0784

(302) 734-3254 - fax

 

920 N. King Street

Suite 414

Wilmington, DE  19801

(302) 661-1997

(302) 661-1996 - fax

Maryland

Columbia Corporate Park

8840 Stanford Blvd.

Suite 4500

Columbia, MD  21045

(410) 953-6763

(800) 664-8306

(410) 953-6761 - fax

Virginia

7960 Donegan Drive

Suite 247

Manassas, VA  20109

(703) 365-2300

(800) 232-6817

(703) 365-2400 - fax

 

1245 Mall Drive
Richmond, VA 23235 (804) 897-5499

(804) 897-9679 - fax

 

1800 Bayberry Court

The Meridian Building, Suite 104

Richmond, VA  23229

(804) 281-7484

(804) 282-0865 - fax

 

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.