Lawyers trying to persuade their banking clients to keep fighting to sell title insurance are circulating a 1986 letter from the Office of the Comptroller of the Currency that suggests banks have been dealing with title insurance for more than a century.

Banks are particularly appropriate issuers of title insurance considering the role they play in secondary mortgage markets, added William G. Glidden, assistant director of OCC's Legal Advisory Services Division. Glidden's letter thus could cheer bankers who were saddened when the 2nd U.S. Circuit Court of Appeals decided--and the Supreme Court let stand--that Section 92 "impliedy" bars banks in communities over 5,000 people from selling insurance products.

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