Licenses & Best Practices

Click here for a copy of the Title Insurance Licenses.

Best Practices:

In response to recent government reforms designed to protect consumers, the American Land Title Association (“ALTA”) has created a list of policies that its member title agents may adopt in their businesses to demonstrate their dedication to the protection of clients’ funds and personal information. While these ALTA “Best Practices,” as they are known, are not mandatory, client privacy and security have always been top priorities here at Salisbury, McLister & Foley, LLP. Therefore, we have chosen to adopt all of the ALTA Best Practices, effective immediately. As a matter of fact, SM&F has already had most of these policies in place for years.

There are seven Best Practices “Pillars,” outlined below. If you have any questions or feedback regarding ALTA Best Practices, call us at (301) 694-7235 today or send us a message through the website. We’d love to hear from you!

Pillar 1. Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.

Pillar 2. Adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.

Pillar 3. Adopt and maintain a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.

Pillar 4. 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.

Pillar 5. Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.

Pillar 6. Maintain appropriate professional liability insurance and fidelity coverage.

Pillar 7. Adopt and maintain written procedures for resolving consumer complaints.

If you have any questions about these ALTA Best Practices, please call us at (301) 694-7235 or send us a message below.

100 W. Church Street
Frederick, MD 21701
Office: 301.694.7235
Fax: 301.694.7393
info@fredericktitle.com