Dear Mr. Shutt II:

Why does it take your company, or any other company, 45 to 60 days to pay your abstractors? The way you worded your concern it seems to me as if you see nothing wrong with riding an abstractor for up to three months before you pay your debts. Am I missing something here?

I'm 55 years old and I've been in the Title Business as both an attorney and an abstractor for over 25 years and i have never known of any legitimate client who takes the attitude about paying legitimate debts as your company seems to. I am only restating your words.

Am I the only one here who finds 45 days, 60 days, and all the way up to 90 days turn time for payment as a company policy toward paying for services rendered unacceptable?

I would really like to know if I am alone in my feelings that --- these late payment as standard policy as practiced by some companies-- is just not an acceptable ethical business practice.

Mr. Shutt II this is not an attempt to single you out. You do seem to be attempting to make an honest effort, to pay your abstractors. I don't know what type of agreement you may have with your abstractors. Perhaps 45 to 90 days is the norm with your abstractor agreements. i am just trying to understand why.

I would welcome any other vendor management companies to join in here with their own explanations as to why it often takes 60 days to receive payment from some companies while others are able to cut checks every two weeks.

Sincerly,

James Toney

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