The Florida Bar recently proposed several changes to Rule 5-1.2, one of which was to require all trust account checks to be signed by an attorney. This proposed rule amendment would not have allowed signatures on blank checks, signatures by stamp, or signatures by other law firm personnel such as CFOs or paralegals. [...]
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If there is a theft from your escrow or trust account, is your law firm, title agency, real estate brokerage, or mortgage company covered under your insurance or bonds? Most professionals have a Professional Liability policy (title agencies’ policies are often called an Errors and Omissions policy). These policies cover claims involving the activities [...] |
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