Lawsuit Provides Instructive Advice on Escrow Trust Account Security

August 28, 2014

A recent ruling against a title company is important to those who operate escrow trust accounts because unlike consumer accounts, banks have the ability to shift liability for fraudulent transfers out of a business account. Read on to learn why it's not only important to implement the proper network security, but why it's also vital to utilize all security processes offered by a bank and to encourage them to offer processes they may not currently provide, such as international wire transfer blocks.

Please Log In to View


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. At ALTA SPRINGBOARD, we vow to give you a forum for fresh thinking and new insights, and help accelerate your career and differentiate your business from the pack.