Lawyers need to heed title insurance fine print; a policy may include exclusions but also may contain provisions that greatly expand coverage
Article Abstract:
Real estate attorneys should carefully review title insurance policies as such attention might result in significantly broader title coverage for the client. The title insurance commitment is the first step in the process. Attorneys ordering such commitments from companies located in a jurisdiction with which they are not familiar will need to acquire a knowledge of the companies and all of the jurisdiction's rules. All standard exceptions can usually be deleted from the final policy if proper documentation is presented. Counsel must review the title policy closely when it is issued, for it rarely is exactly what has been negotiated. The whole process is detailed.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Firms urged to heed 'quality' trend
Article Abstract:
Altman Weil Pensa surveyed 100 corporate counsel from Fortune 500 companies to evaluate current interest in total quality management (TQM) among American lawyers. Most corporations had TQM programs and most corporate counsel believed that law firms should implement them. There are predictions that the TQM movement will experience substantial growth in US law firms over the next five years. Firms wanting to adopt TQM programs must educate their employees on the subject, evaluate current quality control practices, make a plan for the future, implement and market it.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Ay, the rub: a regulatory rift over reserves: to heed the SEC or banking agencies: that is the question for depository institutions with regard to their loan-loss allowances
Article Abstract:
The SEC and banking regulators have very different policies for the accounting of reserves, with the SEC insisting that a bank's significant adjustment of reserve levels is the same type of earnings manipulation between periods which the commission believes infects much of the market, while the bank regulators have expressed concern that the long economic expansion has led lenders to reduce underwriting standards without appropriate increases in loan-loss allowances.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1999
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