Capital Region Legal News

Thursday, January 15, 2015

Best Practices

Albany, NY, NY Ianniello Anderson, P.C., a law firm with four offices throughout the Capital Region and with lawyers licensed to practice in New York, California, Florida and Maryland, and its affiliate, Northway Title Agency, Inc., recently received certifications for compliance with the Best Practices Program of the American Land Title Association’s (ALTA) Best Practices. Ianniello Anderson, P.C. and Northway Title Agency, Inc. are among the first firms in the nation and currently the first and only firm in the State of New York to receive the unqualified certifications for compliance with ALTA’s Best Practices.

The Best Practices Program was implemented by ALTA to provide mortgage lenders with a uniform standard of high competency for their closing attorneys in the areas of licensing, protection of client funds and non-public private information, compliance with federal and state consumer finance laws, title insurance policy production and delivery, maintenance of proper professional liability and fidelity insurance coverage and resolution of any consumer complaints. ALTA’s Best Practices certification is a voluntary tool to help highlight the safeguards in place to ensure that closing activities meet all applicable laws and regulations. Consisting of seven pillars, ALTA’s Best Practices program certification is provided by Security Compliance Associates, a firm specializing in information technology security by the financial industry.

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