This course discusses
- Changes in how FIRPTA is collected and remitted
- Changes to Florida Realtor FLorida Bar contract
- How changes effect title agencies
- Terms associated with FIRPTA
- Who is liable for FIRPTA Tax
- When to Remit
The course is presented by
Lisa Delvecchio, Esquire
Florida Underwriting Counsel
Stewart Title Guaranty Company
This course discusses business ethics in general giving examples of companies in the news who exemplify both good and poor ethical choices. More specifically it discusses ethical issues that title agents face on a regular basis. Including the ethical handling of a closing, the correction of documents, fiduciary responsibilities and document fraud.
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The course is presented by Lisa Delvecchio, Florida Underwriting Counsel.
Lisa has recently joined Stewart Title Guaranty Company as Florida Underwriting Counsel. Prior to coming to Stewart, Lisa was with a large national title company as Southeast United States General Counsel providing legal guidance to management, and the company’s team players and branches on a wide range of real estate and transactional matters. She also oversaw the Florida Commercial Division and Operation Support Department. Lisa was in private practice for 10 years and concentrated in civil litigation, including the defense of claims involving business and real estate matters prior to her previous employment. She also practiced as title agent handling commercial and residential real estate transactions in the State of Florida.
Lisa earned her Bachelor of Science degree in Health Information Management from the University of Central Florida. Lisa is a cum laude graduate of the Stetson University School of Law.
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This course discusses the basics of Florida Construction Lien Law and the company’s underwriting guidelines. You will learn about:
- Notice of Commencement
- Notice of Termination
- Claims of Lien
- Tranwsfer of Liens to Bonds
- Priority of Contract
- General and Sub Contractors
Presenter: Barry Scholnik
Vice President / Florida Underwriting Counsel
A title industry veteran with more than 30 years of experience, Barry serves as vice president, underwriting counsel. After earning his B.A. from Emory University and his J.D. from the University of Miami, he managed a title company in Palm Beach County and served as underwriting counsel for two national title insurance underwriters. Barry joined Stewart Title Guaranty Company in 1995 as state counsel for Florida and the U.S. Virgin Islands before taking his current position.
Barry is admitted to the Florida Bar and belongs to the organization’s Title Insurance Committee and Real Property, Probate & Trust Law Section. He is a past president of the Florida Land Title Association (FLTA) and a former chairperson of the FLTA Insurers section. In 2011, he was honored by the FLTA with the annual Raymond O. Denham Memorial Award.
On October 31, 2016, the Bureau of Consumer Financial Protection (“CFPB”) reissued Bulletin 2012-03 (Service Providers) to clarify certain aspects of the risk management program for service providers. The intention behind the release is to clarify that appropriate risk management can be accomplished through giving flexibility to supervised entities.
Source: CFPB Reissues Guidance on Supervised Bank and Non-Bank Relationship with Third-Party Service Providers – Lexology
In this new Bulletin, CFPB again reminds Lenders to secure specific documentation from third party service providers, i.e., tile agents. This is a restatement of the same message sent in a 2012 Bulletin. Title agents should be prepared to receive new requests for copies of written internal policies and procedures that demonstrate their ability to protect the lender’s customer’s NPI.
Source: CFPB Bulletin 2016-02 – Impact on Title Agents
As the threat of cyberattacks continues to pose daily threats to businesses large and small, more companies have turned to cyber insurance products to shore up protection against these disruptive threats. A spate of recent incidents has highlighted the importance of taking steps to prepare for and mitigate possible damages. As such, healthcare entities have begun exploring Cyberinsurance as a method of aiding in better securing company data, as well as financial security.
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Enroll in a Fraud course or a Cyber Crime course and earn CE credits as you learn about cyber crime.
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The FBI’s Internet Crime Complaint Center receives complaints crossing the spectrum of cyber crime matters. Since they began tracking scams in the late 2013, it has compiled statistics on more than 7,000 U.S. companies that have been victimized. The scam succeeds by compromising legitimate business email accounts through social engineering or computer intrusion techniques, Businesses of all sizes are targeted, and the fraud is proliferating. Title companies handle a lot of money through their escrow accounts and are consequently a favorite target of cyber criminals. This course covers all the different types of cyber-fraud, how to recognize them, and how to protect your business against them.
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Coverage: title insurer did not breach policy when insured sought defense and indemnity based upon quiet title action insured initiated to assert ownership over lot that was not included in description of property insured under policy – Krajewski v. Fidelity Nat’l Ins. Co., No. 1350 EDA 2015 (Pa. Super. Ct. May 11, 2016) (memorandum opinion affirming summary judgment in favor of title insurer)
Source: Real Property & Title Insurance Update: Weeks Ending May 13 & May 20, 2016 | Carlton Fields – JDSupra
In a recent opinion, Society Hill at Piscataway Condo. Ass’n v. Township of Piscataway, Middlesex County Superior Court Judge Douglas Wolfson ruled…
Source: Court Rejects New Jersey Municipality’s Attempt to Unilaterally Extend Affordable Deed Restrictions on Condominium Units – Lexology