Kentucky sues MERS!

As reported at Source of Title: “County attorneys for 14 of Kentucky’s 120 counties have jointly filed a class action suit against MERS and dozens of MERS shareholders, including title industry organizations such as ALTA, First American, and Stewart.  The lawsuit accuses MERS of negligent and/or willful violation of Kentucky recording laws, fraud, unjust enrichment,…

Louisiana Clerks of Court Sue MERS

In the continuing saga of fraud, racketeering and debauchery, the incorrigible MERS is once again in the news.  This time in the state of Louisiana.  Clerks of court in 30 of Louisiana’s 64 parishes have combined to file a lawsuit this week against 17 MERS member banks and financial institutions, alleging violations of federal racketeering…

New Jersey Forms State Organization

This month, independent title agents in New Jersey have gathered to organize their own state independent land title agent organizations with the help and support of NAILTA.  The New Jersey Association of Independent Land Title Agents (NJAILTA) is now fully operational and seeking additional members. Congratulations! We look forward to continuing to foster the growth and development of…

CAARE Petition on RESPA

Our colleagues at the Consumer Advocates in American Real Estate (CAARE – www.caare.org) have developed an online petition seeking to extend RESPA’s statute of limitations to 6 years from 1 year.  Seeing that consumer rights advocates around the country agree that RESPA protections are under attack, we’d encourage our members to investigate the purpose of…

Wanted: Annual Conference Speakers and Committee Volunteers

This year, NAILTA is proud to celebrate our fourth annual national convention in Baltimore, Maryland, September 30, 2012 through October 2, 2012 at the Hyatt Regency Hotel – Inner Harbor.  We are working hard to obtain presentation and speaker commitments from the following: Consumer Financial Protection Bureau State Department of Insurance Representatives HUD Members of Congress Regional Title Insurance Underwriters Title…