1. Licensing:
Establish and maintain current license(s) as required to conduct the business of title insurance and settlement services.
2. Escrow Accounting Procedures:
Adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.
3. Privacy and Information Security:
Adopt and maintain a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.
4. Settlement Procedures:
Adopt standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement Process.
5. Title Policy Production & Delivery:
Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.
6. Professional Liability Insurance Coverage:
Maintain appropriate professional
liability insurance and fidelity coverage.
7. Consumer Complaints:
Adopt and maintain written procedures for resolving consumer complaints.