Moving Forward In 2017
By: Kimberly Rosenberg, President and Title Counsel
Happy New Year! We at Attorneys Title are looking forward to continuing to work with you in the coming year. Our profession, and the closing process itself, has undergone immense changes in the last few years, and this year we may see even more changes. Before looking ahead to 2017, it might be helpful to look back at 2016 and highlight a few of the issues that had an impact on our profession.
2016 was a busy year at Attorneys Title. We held 9 CLE/CPE seminars across the state. A focus on our CLE series this year was offering a free hour of education on the changes to the Rules of Professional Conduct on Trust Account Management. If you or anyone in your office with trust account signing authority still needs this required training, please contact your local Attorneys Title office. We also have continued to be very active in RELANC, NCLTA, and the Best Practices Task Force. Our involvement with these groups has allowed us to contribute to the successes and beneficial changes within our profession over the course of the year.
One success is new, more predictable, recording fees across the state. While we were hoping to get a fee structure that allowed for a flat fee for an unlimited number of pages, legislation is about compromise, and, therefor, we worked with the various parties to reach a page count that was acceptable to everyone. We believe the new fee structure ($64 for up to 35 pages for a deed of trust) will capture the vast majority of TRID loans and bring more certainty to the closing process. The new fee structure should also eliminate a lot of post-closing work for both closing attorneys and lenders.
The bill known as the "Legal Zoom Bill" is now the law, but with some carve-out provisions for consumers who buy real estate in North Carolina.
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Best PracticeD - Our Best Practices Solution for Encryption of Email
Attorneys Title is working hard on compliance with ALTA's Best Practices and we know you are, too. In order to send and receive securely encrypted documents via email that are in compliance with the protection of valuable NPPI, we selected ShareFile by Citrix so that...
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- Recipients are not required to have a ShareFile account to access files.
If you haven't checked encryption off your to-do list yet, don't lose a deal - contact us and we will help. We can send our document, or even your document, via ShareFile.
*Interested in learning more information regarding ShareFile by Citrix? Visit their website, ShareFile.com
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