ROD Report: What’s New at the DC Recorder of Deeds?
By: Lisa Mahoney, Escrow Assistant, DC Commercial Center,
Chicago Title Insurance Company
Since the New Year, the DC Recorder of Deeds (ROD) has been very busy.
Early this year, an announcement was made concerning new FP7 requirements,
but the requirement has not gone into practice yet.
In January, ROD distributed a memo announcing that all FP7 forms being
presented to the Recorder would be required to include the Tax ID Number (TIN)
or Social Security Number (SSN) of all parties to the document. The
announcement puzzled much of the title world. Attorneys and title employees
asked questions like why is the ROD instating this requirement, what will be done
to protect against identity theft and will the lender/beneficiary or trustee of a deed
of trust need to provide their SSN/TIN? Larry Todd was bombarded with these
and many other questions immediately after the announcement was made.
Because of the massive response, the ROD decided to postpone implementation
of the requirement till March to give themselves more time to respond to the
many inquiries. During the extra month, more questions were directed to the
ROD and meetings were held to discuss the questions and concerns, yet no
clear answers emerged. With the March implementation date quickly
approaching, the ROD again decided to postpone the requirement until further
notice. Stay tuned for further updates as more information becomes available.