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MacGregor Abstract Shares an Update on the Current Operational Status of the New York Title Insurance Industry

In the wake of the novel Coronavirus outbreak, many businesses and departments are temporarily shutting their doors to keep up with an ever-expanding list of new regulations and restrictions. At MacGregor, our staff members are experienced, seasoned, and knowledgeable, and we make it our business to remain up-to-date on the latest changes within the industry, including updates involving changes due to COVID-19. We continue to pride ourselves in our ability to adapt quickly to problems and embrace our instinct to find unique solutions to tricky questions. 

 

MacGregor Abstract will remain open and will continue to close and insure transactions in an effort to provide support to our clients during this time. 

 

The New York State Department of Financial Services, which regulates the title insurance industry, has issued a statement confirming the essential nature of the services provided by MacGregor Abstract. “DFS believes that reasonable and prudent efforts by regulated entities during this outbreak to assist consumers and businesses under these unusual and extreme circumstances are consistent with safe and sound insurance practices as well as in the public interest”.  “DFS also urges all regulated entities, in their capacity as creditors to businesses of all sizes, to work with and provide accommodations to their borrowers during this unprecedented global emergency to the extent reasonable and prudent.” With this in mind, we will remain open and continue to offer our services. 

 

We have been staying up to date on all of the latest information surrounding the state of the New York title insurance industry in regard to COVID-19, and will be providing status updates frequently in an effort to support our clients and local businesses. 

 

New York State Department Closures as of March 19, 2020: 

 

 

 

In an effort to provide the most accurate information, the NYS Land Title Association Land Records Committee has been surveying the county in order to provide a record of staff changes, operational updates, and closures of various land records offices in the state. We at MacGregor Abstract, Long Island abstract company, have summarized the statewide closures for ease of access and understanding. 

 

The current lands records office closures are listed below: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


As always, MacGregor Abstract is committed to lending our 30+ years of experience to our clients who look to us for guidance in the New York title insurance industry. We would like to again emphasize that we will remain open in order to support our clients, we will continue to provide the essential functions of closing and insuring transactions as well as providing expert level advice. Now more than ever we are available to help, challenges are always welcome.

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