Join us on LinkedIn Follow us on Twitter Like us on Facebook
 
  OCTOBER RESEARCH STORE SUBSCRIBE LOG IN
AddControlToContainer_DynamicNavigation3
The Legal Description > News

News By Edition


Select from the options below to restrict your search.

search for

November 2, 2020
The Legal Description Edition
November 2, 2020


Meet the candidates running for insurance commissioner
Posted Date: Monday, October 19, 2020
We won’t just be voting for president this year. In five states, citizens will be determining who will run their insurance regulators. Read on to meet the candidates in Montana, Delaware, North Carolina, Washington, and North Dakota.

Couple questions authority to foreclose
Posted Date: Wednesday, October 21, 2020
After a couple failed to make payments under a loan modification, the assignee of the note and mortgage filed a foreclosure action and eventually a motion for summary judgment. The couple questioned the authority of the assignee to foreclose and appealed the trial court’s grant of summary judgment. Read on for more details.

Minnesota passes RIN legislation
Posted Date: Wednesday, October 21, 2020
The Minnesota Legislature passed legislation permitting video conferencing to satisfy the requirement to appear personally before a notarial officer for certain conveyances. The bill was introduced on Oct. 12 and presented to the governor on Oct. 16. Read on for more details.

CFPB issues Regulation Z GSE patch rule
Posted Date: Wednesday, October 21, 2020
The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise (GSE) patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage (QM) loan definition in Regulation Z. Read on for more details.

Parties dispute proper court to hear suit
Posted Date: Wednesday, October 21, 2020
After a case was filed, but before defendants were served, one of the defendants moved the case from state court to federal court, alleging it was a fraudulently joined. The plaintiff then moved to remand the case back to state court. Read on for more details.

FBI issues telework PSA
Posted Date: Wednesday, October 21, 2020
Noting an increase in telework from hotels, the FBI issued a public service announcement regarding the cybersecurity risk this could pose for guests. Read on for more details.

California warns of fraudulent escrow company
Posted Date: Wednesday, October 21, 2020
The California Department of Financial Protection and Innovation (DFPI) issued a consumer alert about a company fraudulently posing as a California escrow company. Read on for more details.

Title insurer, agent dispute guaranty
Posted Date: Monday, October 19, 2020
A title insurer sued its agent after it satisfied its obligation to a lender under a title policy after a mortgage was cancelled. It alleged breach of duty, breach of guaranty and indemnification. The agent then counterclaimed for fraud, alleging that the insurer was limited to escrow funds and did not include the claims sought. Read on for more details.

Title insurer seeks relief from judgment on mechanic’s lien issue
Posted Date: Monday, October 19, 2020
A title insurer filed a motion to set aside a judgment against it in a declaratory judgment suit to determine the enforceability of a settlement agreement between participants in a development. While the other insurer in the case appealed immediately, the current movant did not file its motion to set aside the judgment until years later. Read on for more details.

Michigan department rescinds temporary producer license bulletin
Posted Date: Monday, October 19, 2020
The Michigan Department of Insurance and Financial Services issued a bulletin rescinding a former bulletin that established a temporary producer licensing program. The rescission is effective Oct. 22. Read on for more details.

Alabama Department of Insurance names deputy commissioner
Posted Date: Monday, October 19, 2020
The Alabama Department of Insurance announced the appointment of a new deputy insurance commissioner, succeeding the former deputy commissioner who left for the private sector. Read on for more details.

Real estate attorney pleads guilty to stealing from clients
Posted Date: Monday, October 19, 2020
A Long Island real estate attorney pled guilty to stealing more than $350,000 from his clients, including approximately $300,000 from an elderly victim. Read on for more details.

Husband sues broker, title company after ex-wife takes sales proceeds
Posted Date: Wednesday, October 14, 2020
After his ex-wife refused to provide him with his share of the proceeds from the sale of their home, a man sued his real estate broker and the title company that conducted the sale, alleging they deceived him during the transaction. Read on for more details.

Title insurer seeks arbitration in bad faith suit
Posted Date: Wednesday, October 14, 2020
After being sued for breach of contract and bad faith, a title insurer moved to compel arbitration, as outlined in the title policy. When the trial court didn’t compel arbitration of the bad faith claim, the title insurer appealed. Read on for more details.

Kansas extends remote notarization order through January
Posted Date: Wednesday, October 14, 2020
Kansas Gov. Laura Kelly issued an executive order extending several prior orders, including its remote notarization order, through Jan. 26, 2021. Read on for more details.

Homeowner seeks third attempt against lender
Posted Date: Wednesday, October 14, 2020
After a court determined he did not own the rights to the driveway accessing his property, leaving him with worthless property, the property owner attempted both to modify the loan and to short sell the property. When the lender did not work with him on either avenue, the property owner filed suit twice. Each case was dismissed, and the owner filed suit a third time. Read on for more details.

Alabama DOI issues bulletin on licensing
Posted Date: Wednesday, October 14, 2020
The Alabama Department of Insurance issued a bulletin regarding producer, adjuster, and title insurance agent licensing issues in light of the COVID-19 emergency. Read on for more details.

Nevada man pleads guilty to “shot-gunning”
Posted Date: Wednesday, October 14, 2020
A Henderson, Nev., man admitted his role in a scheme to use bogus information and simultaneous loan applications at multiple banks – known as “shot-gunning” – to attempt to obtain home equity lines of credit. Read on for more details.

CFPB issues RESPA FAQs, rescinds MSA bulletin
Posted Date: Monday, October 12, 2020
The Consumer Financial Protection Bureau has taken steps it says will provide clearer rules of the road, publishing guidance in the form of frequently asked questions (FAQs) on RESPA Section 8 and rescinding Compliance Bulletin 2015-05, RESPA Compliance and Marketing Service Agreements. Read on for more details.

Property owners claim negligent procurement in defect issue
Posted Date: Monday, October 12, 2020
After discovering that their property was landlocked without right of way, the property owners sought coverage from their title insurer. When the insurer denied coverage, the owners sued the parties to the title policy, including the agent that issued it. They argued that the agent negligently procured the policy for them because it knew the property was landlocked and failed to inform the insurer. Read on for more details.

Tennessee upgrades insurance licensing system
Posted Date: Monday, October 12, 2020
As part of ongoing efforts to modernize insurance licensing, save money and remove barriers that hinder the Volunteer State’s economy, the Tennessee Department of Commerce & Insurance announced a system upgrade that will create a more paperless insurance licensing process. Read on for more details.

Couple sentenced for fraud, equity skimming
Posted Date: Monday, October 12, 2020
A Greenville, S.C., couple was sentenced to time in prison and ordered to pay back more than $2.5 million after a jury found them guilty of conspiracy to commit mail fraud and equity skimming. Read on for more details.

Nebraska DOI extends waiver of proctor requirements
Posted Date: Monday, October 12, 2020
The Nebraska Department of Insurance has extended the waiver of proctor requirements for continuing education self-study online courses until the end of the year. Read on for more details.
A Twitter List by TheLegalDesc
News by Topic   News by Edition   Library   Resources   Store
Court Report
Cybersecurity
Industry News
Legislative Developments
Regulatory Updates
Remote Online Notarization
The Blotter
The TRID Journey
 
November 16, 2020
November 30, 2020
December 14, 2020
January 11, 2021
Archives
 
Court Cases
Legislation
Position Papers
Regulations
Special Reports
 
 
Social Media
RSS Feeds
 
Webinars
Special Reports
The Summit (NS3)
Other Newsletters
The Title Report
RESPA News
Valuation Review
Dodd Frank Upate
    About   Subscribe  
   
The Legal Description
Contact / Editors
Advertise
Are You An Expert?
Subscriber Agreement
 
Newsletter Subscriptions
Free Email Updates
Try a Free Edition
 
 
 
                 
Copyright © 2000-2021 The Legal Description
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.thelegaldescription.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> The Title Report
> RESPA News
> Dodd Frank Update
> Valuation Review
> The October Store


Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
SPECIAL REPORTS
LIBRARY
EMAIL UPDATES
ABOUT
WEBINARS
SUBSCRIBE
Court Report
Cybersecurity
Industry News
Legislative Developments
Regulatory Updates
Remote Online Notarization
The Blotter
The TRID Journey
Current Edition
December 14, 2020
November 30, 2020
November 16, 2020
Archives
2021 State of the Industry
eClosing Compliance
2020 Cybersecurity Report
2020 CFPB Anniversary Report
Attorney State Breakdown
The New GSE Focus
Archives
RON Resource Center
Cybersecurity Central
Court Cases
Legislation
Position Papers
Regulations
2012
2011
By Year
By State
2012
2011
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Comment Letters
White Papers
Testimony
The Legal Description
Contact Us
Advertise
Are You An Expert?
Subscriber Agreement
Social Media
View All @ OctoberStore.com
Sales Strategies for Success
Economic and Regulatory Outlook
Evolving Realtor Relationships
Evolving Vendor Relationships
Mastering MSAs
eClosing: Questions Answered
Evolving Lender Relationships
Ready, Set... RON! Part 2
Ready, Set... RON!
CARES Act For You
Business in Uncertain Times
2019 Webinars