Guidance on How FDIC Protects Escrow Accounts, Bank Deposits in Wake of Bank Failures
March 30, 2023
In light of multiple bank failures, title and escrow professionals should understand how the FDIC protects bank deposits, including title agency funds, escrow funds and independent customer funds. Read on to learn about the FDIC insurance limits, how this impacts escrow accounts, what you should tell your customers and relevant ALTA Best Practices.
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