By Lisa A. Tyler
National Escrow Administrator
An excerpt from the Federal Bureau of Investigation’s (FBI’s) 2022 Congressional Report on Business Email Compromise (BEC) and Real Estate Wire Fraud reveals a recommendation to change the Uniform Commercial Code (UCC) governing the banking industry to prevent wire fraud. The much-needed recommendation is contained in the article titled “UNIFORM commercial code issue.”
Settlement agents are experts in completing real estate transactions. They know how to clear up clouds on title, follow written instructions, prorate taxes,
