Atlantic Escrow |
Realty Escrow Departments |
Title Company Escrow Dept. |
Bank Escrow Department |
Savings & Loan Escrow Dept. |
|
Government Regulation |
Licensed by the California Department of Corporations |
No License |
No License |
No License |
No License |
Bonded |
Yes |
No |
No |
No |
No |
State Mandated Management Experience |
5 yrs As Escrow Officer or 4 yrs As Escrow Officer & Escrow School |
No Experience Required |
No Experience Required |
No Experience Required |
No Experience Required |
State Mandated Audits |
Unannounced State Audits Every Year |
Department Of Real Estate Audit By Appointment Only |
No State Audit |
No State Audit |
No State Audit |
Insured Trust Funds |
Full $5 Million Covered By E.A.F.C. |
D.R.E. Recovery Fund Maximum Only $20,000 per Claim |
None |
None |
None |
State Mandated Financial Liquidity Requrement |
Required |
None |
None |
None |
None |
State License Required |
Required |
Not Required |
Not Required |
Not Required |
Not Required |
Independent & Impartial 3rd Party |
Yes, We Are Completely Impartial |
No, Escrow Officer May Be Influenced By Realty Co. Mgt. |
No, Title Dept. Has Control Of Escrow Funds |
No, If The Bank Is The Lender |
No, If The S&L Is The Lender |
State Mandated Annual CPA Audits |
Yes |
No |
No |
No |
No |
U.S. Department Of Justive Investigation |
All Employees, Including Photos & Fingerprints |
None |
None |
None |
None |
Individual Service |
Yes |
No |
No |
No |
No |