NAILTA Asks Kentucky Legislature to Protect Small Business Owners in Proposed E-Notary Legislation

We provided the enclosed letter on behalf of our Kentucky membership and concerned independent real estate settlement service professionals throughout the state to address new legislation working its way through the Kentucky General Assembly that will impact real estate closings and title insurance providers. NAILTA remains committed to protecting small business owners in our industry…

House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason

The House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017, a regulatory bill that was created in an effort to provide relief to mortgage lenders by excluding certain charges from the points and fees calculation. In support of his bill, Rep. Bill Huizenga (R-Michigan), argues it would preserve consumer choice and potentially…

House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers

The House of Representatives voted 271 to 145 to approve the TRID (TILA-RESPA Integrated Disclosure) Improvement Act of 2017 (H.R. 3978), which would amend the Real Estate Settlement Procedures Act to require the Consumer Financial Protection Bureau (CFPB) to allow the accurate disclosure of title insurance premiums and any potential available discounts to home buyers…

NAILTA Releases White Paper Re: 2018 E-Notarization and Webcam Notary Legislation

With statehouses around the United States introducing new legislation designed to overhaul decades-old law concerning Notaries, NAILTA has delivered a position paper to help members and the general public understand the new changes.  Important policy questions are answered in the NAILTA research: What is e-notarization? What is webcam notarization? Which states have adopted it? Which…

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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