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Lenders beware in Maryland: the changing nature of IDOT recordation tax collection
  • Eversheds Sutherland (US) LLP
  • USA
  • December 6 2010

The Indemnity Deed of Trust (IDOT) structure often is used in Maryland to defer Maryland recordation taxes, which would otherwise be due by a borrower under a typical deed of trust at the time of recordation.

FDIC approves the payout of the insured deposits of Ideal Federal Savings Bank
  • Alston & Bird LLP
  • USA
  • July 12 2010

On Friday, the Office of Thrift Supervision closed Ideal Federal Savings Bank, headquartered in Baltimore, Maryland, and the FDIC was appointed receiver.