1803 Research Boulevard, Suite 512
Rockville, Maryland 20850
# 301-770-4107 (facsimile) 301-770-4552
Attention Realtors and Lenders
IMPORTANT UPDATE REGARDING CLOSING FUNDS
Effective October 3rd, 2015, First Class Title’s policy for acceptance of Buyer and Seller funds has been updated to insure our compliance with Dodd Frank, TRID and title underwriter requirements.
All funds in excess of $5,000.00 must be wired. We cannot accept any ACH credits. Wiring instructions will be sent by us early on in every transaction to all of the parties.
We will continue to accept a cashier’s, treasurer’s, bank, and certified checks, payable to First Class Title for amounts up to $5,000.00 and personal checks for amounts up to $1,000.00.
All checks must be payable to First Class Title Company (even if your Bank tells you otherwise). We cannot accept checks from other title companies. If a check is not payable to First Class Title, the remitter will be required to obtain a new check which could result in a closing delay.
We strive to create a safe and secure environment for all parties and transactions closings with us. Your business is extremely important to us and we thank you for your continued support as we do all we can to protect you and your clients.
Thank you for your business and please let us know if you have any questions.
Your First Class Title Settlement Team