NAILTA Names Rob Holman as President and Seats a New Board; Changes for Organization are on the Horizon for 2017-2018

    The National Association of Independent Land Title Agents (NAILTA) is pleased to announce that Rob Holman will become its fifth organizational President on January 1, 2017. Holman, a 17-year title insurance industry veteran, is currently the President and General Counsel for General Title Insurance Company in Cleveland, Ohio, a regional title insurance underwriter…

New Rule 69B-186.010 lists numerous activities the Florida Department of Financial Services considers to be unlawful inducements.

    Among the list are placement or referral of title insurance business, including, among others, facilitating discounts in the costs of inspection reports, appraisals or surveys to purchasers or prospective purchasers of title insurance, providing memberships in certain organizations at a reduced or no cost to an interested party (as defined in the Rule),…

State of Minnesota Department of Commerce issues Cease and Desist against TitleSmart, Inc.

 

 

The Minnesota Commissioner of Commerce has found that TitleSmart through its Agent, Cynthia Koebele –  TitleSmart violated the prohibition against kickbacks under RESPA, Section 8 as well as Minnesota Statutes in regard to kickbacks and “demonstrated untrustworthiness in violation of Minn. Stat. §45.027, subd. 7(a)(4)(2014).

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CFPB to mortgage industry: Get out of MSAs | 2015-07-30 | HousingWire

    The Consumer Financial Protection Bureau wants to mortgage lenders to stop using marketing services agreements, and it’s using the stick rather than the rules process to do so. Two major players in the mortgage space announced this morning that they are discontinuing marketing activities that depend on MSAs because of regulatory uncertainty, recent interpretations…