ALTA Asks FDIC to Confirm IOTA Accounts Receive Unlimited Deposit Coverage

January 25, 2011

The American Land Title Association sent a letter to the Federal Deposit Insurance Corp. asking it to reaffirm that title companies' Interest on Trust Accounts are considered "functionally equivalent" to Interest on Lawyers Trust Accounts for the purposes of unlimited deposit insurance coverage.

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

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