Laura Loyek came to Lawyers Mutual as a claims attorney in 2009. Her focus areas include estates and trusts, litigation, appellate law, bankruptcy, and ethics. Prior to joining Lawyers Mutual, Laura practiced with the law firms of Smith Moore and K&L Gates. She received her J.D. from Harvard Law School and her undergraduate degree from Wake Forest University. Laura serves on the Professionalism Committee of the Wake County Bar Association. She is a longtime member of North Carolina Association of Women Attorneys and served on the Board of NCAWA for several years, including as President in 2021. Laura is also a member of the Insurance and Estates Sections of the NCBA, the NCBA’s Women in the Profession Committee, and Wake Women Attorneys.
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.