When indexing names or examining title, you are likely encounter a situation where land is obtained by one financial institution and is conveyed out by a different financial institution. Many times there will be no information filed in the county records linking the two institutions, which results in a gap in the chain of title. When you run into one of these situations, there is a convenient, free resource that may be able to help you find the missing links and give you a more complete chain of title. That resource is the National Information Center website, a link to which is provided below.
The National Information Center (“NIC”) provides information about banks, credit unions, and other types of financial institutions that the Federal Reserve supervises, regulates, or has other interest in. Through the NIC website, you can:
- Search for financial institutions by name;
- See detailed information regarding a particular institution’s history;
- Find information about the acquisition and merger of institutions; and
- Find current mailing addresses for institutions.
Using this simple resource can help landmen and title attorneys alike avoid wasted time when under tight deadlines and expectations, connect the chain of title when there are apparent gaps, determine what curative work is necessary and the best and most efficient way to obtain it, and, ultimately, prevent unnecessary headaches.
The National Information Center website can be found here:
Mazurek & Holliday PC is a full-service oil gas and energy law firm focused on meeting the energy law needs of our clients throughout the United States. If you have any questions about this topic or any that affect your energy rights, please contact us.