DCLTA News

DC’s Curative Statute for Recorded but Defectively Notarized Documents

You know the sinking feeling when it happens. We’ve all been there! You are examining deeds in a chain of title and you see that a document that was recorded more than a decade ago has a defective notarization. You begin to dread as the question arises: Does this mean I have to go back

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Water/Sewer Account Info and Final Readings

All title professionals in DC should be familiar with water/sewer charges, which are administered by the D.C. Water and Sewer Authority (WASA) (https://www.dcwater.com/). Unpaid water and sewer charges constitute a lien on real property, which means that you need to raise an appropriate exception in Schedule B of your title commitment/policy. The liens attach to

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Industry News

NNA Develops Health Disclosures for Signers, Borrowers

Keeping everyone safe during the closing process is vital amid growing concerns over the coronavirus (COVID-19). Among the developments is a new recommended best practice from the National Notary Association (NNA) that both Notaries and signers/borrowers complete a disclosure prior to each individual signing. The disclosures, which will have questions about recent travel and if

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Title, Settlement Companies Develop Safe Closing Protocols

Recent concerns relating to the COVID-19 (coronavirus) has generated significant public attention and changes in guidelines prescribed by health officials such as the CDC and the WHO. Title and settlement companies across the country have developed protocols to ensure healthy and safe closings in the wake of this uncertainty. Among the measures include hand sanitizer

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Common Issues Your Businesses May Encounter

The U.S. Small Business Administration says companies may have to contend with these issues during any crisis: Capital Access – Incidents can strain a small business’s financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and testing their capital access options

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Help for Businesses

Treasury Secretary Steven Mnuchin said U.S. officials are committed to ensuring that financial firms and businesses facing disruptions related to the coronavirus have access to liquidity. The Fed has said it would make vast sums of short-term loans available. In addition, the U.S. Small Business Administration (SBA) announced that it will offer disaster assistance loans

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