BANK HOLDS ON CHECKS
Due to the fact that banks are operating with skeleton staffing levels, some Agents have reported having had issues with holds being placed on checks that would not be held under ordinary circumstances. As always, but especially during this time, it is imperative that you carefully verify that funds have cleared before disbursement of funds, particularly so that your office does not experience an overdraft on your IOLTA account.
CATIC will continue to monitor the situation and may send out revisions to this Agent Alert as circumstances warrant. As always, our staff is ready to help you in any way that we can. Please
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