New York State – Title Agents Seek Clarification on Affiliated Business

The New York Department of Financial Services (NYDFS) and the Superintendent of Financial Services Benjamin M. Lawsky should be commended for addressing a long neglected consumer issue that deals with the licensing of title agents and agencies. The DFS’s concern with the lack of regulation and control over a profession that is responsible for the transference…

H.R. 1077 is Dead; Replaced with H.R. 3211

Never underestimate a determined opponent. On September 28, 2013, shortly before Congress shut down, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage Choice Act. Instead of proceeding on H.R. 1077, known as the Consumer Mortgage Choice Act, the new bill strips…