Independent Michigan Title Agents Form State Organization

We are proud to announce that Michigan independent land title agents have formed the Michigan Association of Independent Land Title Agents (MAILTA) in affiliation with the National Association of Independent Land Title Agents (NAILTA). The newly-formed organization is now taking membership applications from interested parties. If you would like to out more information about MAILTA membership opportunities, please send…

Fiscal Cliff

On January 1, 2013, Congress passed the American Taxpayer Relief Act. Of direct concern to title insurance agents doing business in the arena of short sale transactions is the fact that the the bill also contained an important extension of the Mortgage Debt Relief Act (MDRA) of 2007, which NAILTA supported and advocated for. The…

NAILTA Supports Extension of Mortgage Forgiveness Debt Relief Act

The U.S. Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act (MDRA) through 2013.  Why is this important? Several reasons: The debt relief law spares homeowners who receive principal reductions on their mortgages from being hit with hefty federal income taxes on the amounts forgiven. Without it, millions of homeowners…

NAILTA – submits comments CFPB’s Integrated Disclosure Rule under the Dodd-Frank Act

Today, the National Association of Independent Land Title Agents (NAILTA) submitted formal public comment concerning the CFPB’s Integrated Disclosure Rule under the Dodd-Frank Act.  In summary, NAILTA’s Response to the CFPB on New HUD/TIL Disclosures: The proposed rule making can be found by clicking here.  A summary of the rule can be found by clicking here. The…

NAILTA responds to Secure Settlements, Inc – White Paper Response

Secure Settlements, Inc. provided a response to NAILTA’s white paper entitled, “Third Party Vetting Companies: Are they Legal or Necessary?”. In the letter, SSI argues that its vetting process, although not regulated by any administrative authority and not a test of agency competence, complies with the standards established by CFPB in its Bulletin 2012-03. SSI…

NAILTA Creates Definition of “Independent Title Agent”

What is an independent land title agent? The question has eluded the National Association of Insurance Commissioners, the various state departments of insurance, the U.S. Department of Housing and Urban Development and state and national land title associations for over a century. No other title insurance constituency or organization has ever created an adequate definition to describe an independent land title agent — until now.