Is a title agent allowed to use deposited funds in a manner inconsistent with the written instructions from the depositor?

A title agent is prohibited by law from using deposited funds in a manner inconsistent with the written instructions from the depositor. This regulation is in place to ensure the protection of consumers' funds and to maintain the integrity and trust required in the title insurance industry. Depositors have the right to dictate how their funds are handled, often specifying the conditions under which their money should be used or released.

Using funds contrary to the written instructions not only violates legal and ethical standards but also undermines the agent's fiduciary duty to act in the best interests of the client. This prohibition exists to provide assurance to clients that their money will be handled correctly and in accordance with their specific wishes, thereby preserving their trust in the title agency and the greater financial system.