Patrick is the Vice President of Enterprise and Operational Risk Management at Lawyers Mutual as well as filling the roles of Corporate Secretary and Director of Information Security. He has also previously served in the roles of relationship manager and underwriter. Prior to joining Lawyers Mutual in 2011 he practiced in the areas of real estate, foreclosure, creditor's rights, and insurance subrogation - actively practicing in North Carolina and Virginia. He is licensed in North Carolina, Virginia, the District of Columbia, and the US Patent & Trademark Office; received his J.D. from Campbell University School of Law and a B.S. in Biology from UNC-Chapel Hill. Additionally, he is a Certified Information Privacy Professional for US private sector (CIPP/US) and a Certified Information Privacy Manager (CIPM) and has received the designations of Fellow of Information Privacy (FIP) and of Privacy Law Specialist (PLS) by the IAPP. He serves on several local and state bar association committees, including the North Carolina Bar Association’s Privacy and Data Security Committee, and is a member of the International Association of Privacy Professionals.
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.