Best Practices: Closing Instruction Letters
The last few days before a closing can be a hectic time. Each party has its own responsibilities and everyone must make sure that there is an agreement as to when and how a closing will occur. No matter how chaotic this time can be, lenders should consider preparation of written closing instructions to be ... Read More
Best Practices: New Year, New Policies and Procedures
If there is one constant in the world of SBA lending, it is change. SBA rules and regulations are constantly transforming with new interpretations of existing rules and updated regulations being issued with increasing frequency. With the start of the new year, and renewed optimism of SBA lending participants, bolstered in part by the increased ... Read More
Best Practices: Lenders’ duty to give timely notice of potential title insurance claims
On October 21, 2015, Starfield & Smith published an article on title insurance coverage. Attorney Jessica Conn correctly described title insurance as covering only actual losses sustained by lenders. As with all polices of insurance, coverage is subject to the exclusions, exceptions and conditions of the policy. This article will cover one of the key ... Read More
