Fund Alerts
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Policy - Express Checkout
We are thrilled to bring you a new, efficient way to issue your policy at closing. It is called Policy - Express Checkout, which enables policy issuance and delivery before instrument recordation has occurred. You may now work directly from your marked-up commitment to prepare the final owners’ and lenders’ policy schedules at the precise moment when all of the required and pertinent information is at your fingertips and top-of-mind.12/19/2013 -
CFPB Releases Integrated Mortgage Disclosure Rule
CFPB released the Integrated Mortgage Disclosure Rule also known as "Know Before You Owe." You can find the entire rule, summaries of the rule, and other information by visiting the CFPB Integrated Mortgage Disclosure website.
11/22/2013 -
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First Community Bank of Southwest Florida CLOSED
We have been advised that on Friday, August 2, 2013, First Community Bank of Southwest Florida, Fort Myers, Florida, also operating as Community Bank of Cape Coral, was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with C1 Bank, Saint Petersburg, Florida, to assume all of the deposits of First Community Bank of Southwest Florida.
08/05/2013 -
Local Bank Operating Under Alias
We have been advised that on Friday, August 2, 2013, First Community Bank of Southwest Florida, Fort Myers, Florida, also operating as Community Bank of Cape Coral, was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with C1 Bank, Saint Petersburg, Florida, to assume all of the deposits of First Community Bank of Southwest Florida.
08/05/2013 -
Title Insurance Policy Surcharge Delayed
The Florida Office of Insurance Regulation (OIR) has delayed the implementation of the title insurance policy surcharge to August 6, 2013. As The Fund previously alerted you, OIR has ordered a surcharge of twenty-eight cents ($0.28) to be collected on each title insurance policy issued in Florida. This now applies to policies with effective dates of August 6, 2013, and thereafter until further notice by OIR.
04/25/2013 -
Heritage Bank of North Florida, Orange Park, Florida
We have been advised that on Friday, April 19, 2013, Heritage Bank of North Florida, Orange Park, Florida, was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with FirstAtlantic Bank, Jacksonville, Florida, to assume all of the deposits of Heritage Bank of North Florida.
04/22/2013 -
Chipola Community Bank, Marianna, Florida
We have been advised that on Friday, April 19, 2013,Chipola Community Bank, Marianna, Florida, was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
04/22/2013 -
FDIC to Reserve Oil, Gas & Mineral Rights
The FDIC announced last week that it will implement a program to reserve oil, gas and mineral rights in any land it conveys in its capacity as receiver for a failed bank. Effective April 1, 2013, contracts for the sale of Owned Real Estate (ORE) assets will include these mineral reservations.
04/02/2013 -
Scam Alert from The Florida Bar
The Florida Bar website reports that it has become aware that someone posing as a Florida Bar employee is calling members and telling them that their Bar fees are unpaid.
03/05/2013
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