Fund News and Alerts
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Policy Reporting Requirements
Effective January 1, 2012, every title insurance underwriter will have to collect new data for the National Association of Insurance Commissioners (NAIC) and the Florida Office of Insurance Regulation (OIR).
12/20/2011 -
Premier Community Bank of the Emerald Coast, Crestview, Florida
We have been advised that on Friday, December 16, 2011, the Florida Office of Financial Regulation closed Premier Community Bank of the Emerald Coast, Crestview, Florida and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
12/19/2011 -
HUD Suspends Allied Home Mortgage Corporation
On Tuesday, November 1, 2011, HUD suspended Allied Home Mortgage Corporation from originating and underwriting new mortgages insured by the Federal Housing Administrator.
11/08/2011 -
Prohibited Practices - Old Harbor Bank, Clearwater, Florida
We have been advised that on Friday, October 21, 2011, the Florida Office of Financial Regulation closed Old Harbor Bank, Clearwater, Florida, and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
10/26/2011 -
Prohibited Practices - The First National Bank of Florida, Milton, FL
We have been advised that on September 9, 2011, the Office of the Comptroller of the Currency closed The First National Bank of Florida, Milton, Florida and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. All deposit accounts, including brokered deposits, have been transferred to CharterBank, West Point, GA, and will be available immediately.
09/12/2011 -
Fraud with a Smartphone
The Florida Land Title Association recently reported that one of its title agent members fell victim to a fraud scheme involving a smartphone and the new apps that allow a check to be deposited by using the smartphone's camera to take a picture of the front and back of the check.
08/23/2011 -
Prohibited Practices - Lydian Private Bank, Palm Beach, Florida
We have been advised that on August 19, 2011, the Office of the Comptroller of the Currency closed Lydian Private Bank, Palm Beach, Florida including its division Virtual Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Sabadell United Bank, National Association, Miami, Florida to assume all of the deposits of Lydian Private Bank including its division Virtual Bank.
08/22/2011 -
Approval of the 2006 ALTA Forms
Today, the Florida Office of Insurance Regulation approved the use of the 2006 ALTA Forms. These forms are available for immediate use by Fund Members. In Florida, after March 1, 2011, the use of the 2006 ALTA Forms will be required for all loans sold and delivered to Fannie Mae.
02/28/2011 -
Scam Involving Sale of Vacant Lots (Updated and Republished)
This alert was originally published in January 2009. The scam has not gone away, and has recently been brought to our attention again.
12/09/2010 -
Important Florida Land Title Association Bulletin
As those who attended the FLTA Convention two weeks ago learned, two years ago, the Florida Legislature mandated that effective January 1, 2011, all contracts for the sale of a residential property must include certain information about the windstorm mitigation rating of the structure.
11/18/2010
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