North Carolina Attorneys developing their own Best Practices Policies can now log in to their Statewide Title account and download sample forms drafted specifically for your use in developing compliant polices for North Carolina law firms. On March 5th 2015, Statewide Title completed a self-assessment using ALTA's Best Practices Assessment Procedures which resulted in a grade of pass. Because closing a real estate transaction in North Carolina is construed as the practice of law, the title industry works in coordination with North Carolina attorneys who handle the settlement aspect of real property transactions and these Best Practices will apply differently depending on the respective responsibilities of the participants. ALTA's Best Practices program is designed around a working model where title and closing services are typically offered by the same settlement services provider. has adopted ALTA's Best Practices in compliance with the requirements promulgated by the CFPB.
0 Comments
Leave a Reply. |