Wayne has been a long-time claims counsel with Lawyers Mutual, working primarily with real estate matters. Prior to joining Lawyers Mutual, he worked for First Title Insurance Company, the law firm of Everett, Hancock, Nichols & Calhoon and at Womble Carlyle as a products liability contract attorney. He is a graduate of Campbell University and Campbell University School of Law. As an avid hockey fan, Wayne is an active member in the Carolina Hurricanes Booster Club and Carolina Hurricanes Storm Trackers Club.
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.