#2 Trust Account Controls
Adopt and maintain appropriate written procedures and controls for Escrow Trust* Accounts allowing for electronic verification of reconciliation.

Appropriate and effective escrow controls and staff training help title and settlement companies meet client and legal requirements for the safeguarding of client funds. These procedures ensure accuracy and minimize the exposure to loss of client funds. Settlement companies may engage outside contractors to conduct segregation of trust accounting duties.

ALTA's Best Practices Resource & Documentation Page

ALTA Assessment Procedure
ALTA Best Practices: How to Document Your Escrow Trust Account Policies
Video in the ALTA Title Topics series
ALTA Procedure
ALTA Title Topics: Fraud and Your Trust Account
Video in ALTA Title Topics series.
ALTA Title Topics: Importance of Three-Way Reconciliation
Video in ALTA Title Topics series
ALTA Webinar on How to Document Trust Account Policies
ALTA’s Best Practices Resource & Documentation Page
NC Attorneys: What You Should Know - Issues to Consider & Discuss

What You Should Know; Issues to Consider and Discuss
Resources - Articles, Contacts, Websites, Statutes, Ethics Rules & Opinions

*** FOR AGENTS ONLY - National Agency website (LOGIN REQ) ***
Including Agency Insights newsletter, Training (Title Loss Reduction, Title Insurance, Reconciling Your Escrow Account, among other items) and other materials.
*** FOR AGENTS ONLY -- NC ftp site (LOGIN REQ FIRST) ***
Best Practices Boot Camp #1
Webinar by Real Estate Data Shield, RynohLive and DataMotion detailing data, information, escrow and email security.
Chicago (FNTG family) 3-way reconciliation - explanation & example
Chicago (FNTG family) resources / partnered or preferred vendors
Trust account tracking, verification, reconciliation, training; background checks and HR support services
Ethics Rules, Opinions, Trust Account Handbook, Reconciliation Services, Software, Background Checks & More!
NC State Bar, Trust Accounting Handbook & Materials
RynohLive - Absolute Escrow Protection
SoftPro - software, service and training
Two Minute Tips - Trust Account 3-way reconciliation (Oregon Bar)
Sample Checklists

Sample Audit Checklist (3-17-14)
Sample Trust Account Controls Checklist (3-17-14)
Simplified Trust Account Controls Checklist & Procedure (3-19-14)

Sample Policies and Procedures

Sample Policies & Procedure (updated 4-28-2015)
ALTA Best Practices
Best Practice #1
Best Practice #2
Best Practice #3
Best Practice #4
Best Practice #5
Best Practice #6
Best Practice #7
ALTA Assessment
ALTA Certification
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