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Preparing for cyber attacks
Posted Date: Monday, October 12, 2020
While everyone hopes it won’t happen to them, chances are you need to prepare for when, not if, you become the victim of cybertheft. During the National Settlement Services Summit (NS3), two experts shared their insight on what steps to take if it happens to you.
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U.S. Treasury issues ransomware advisories
Posted Date: Wednesday, October 7, 2020
The U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence issued a pair of advisories to assist U.S. individuals and businesses in efforts to combat ransomware scams and attacks, which continue to increase in size and scope. Read on for more details.
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CFPB releases TRID assessment
Posted Date: Wednesday, October 7, 2020
The Consumer Financial Protection Bureau published an assessment of the TRID integrated disclosure rule, finding that the TRID rule made progress toward several of its goals. Read on for insights from the report.
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Maryland Insurance Administration issues non-resident producer bulletin
Posted Date: Wednesday, October 7, 2020
The Maryland Insurance Administration issued a bulletin notifying all non-resident insurance producers of changes to the law pertaining to the administration’s authority to cancel a non-resident producer license for failure to maintain a home state license. Read on for more details.
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Utah Insurance Department gets interim commissioner
Posted Date: Wednesday, October 7, 2020
Utah Gov. Gary Herbert announced the appointment of an interim commissioner of the state’s insurance department following the retirement of former commissioner Todd Kiser. Read on for more details.
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Foreclosed upon owner questions promissory note ownership
Posted Date: Wednesday, September 30, 2020
The foreclosed upon owner of property in Nevada filed suit against the holder of the promissory note, questioning whether the holder had actual or constructive possession of all the loan documents. Read on for more details.
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Couple sues servicer over mortgage payoff
Posted Date: Wednesday, September 30, 2020
A Pennsylvania couple sued their mortgage servicer, alleging violations of federal and state laws relating to their attempt to satisfy the mortgage on their property. Read on for more details.
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Massachusetts attorney pleads guilty to $2.3 million fraud
Posted Date: Wednesday, September 30, 2020
A real estate developer and attorney pleaded guilty in federal court in Worcester, Mass., in connection with a $2.3 million fraud scheme relating to the redevelopment of a multi-family property in Worcester. Read on for more details.
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Governor signs California CFPB legislation
Posted Date: Monday, September 28, 2020
California Gov. Gavin Newsom signed 12 bills to protect consumers from financial predators and abusive practices, including a law that establishes the state’s department of financial protection and innovation. Read on for more details.
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Real estate closer sues tax collector over tax payment
Posted Date: Monday, September 28, 2020
After the Pope County, Ark., tax collector refused to accept payment of real estate taxes from a real estate closer on behalf of the seller of property without also paying the delinquent personal property taxes of the pre-foreclosure owner of the property, the real estate closer sued the tax assessor. The case ended up before the Court of Appeals of Arkansas. Read on for more details.
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Seller sues title company for defamation
Posted Date: Monday, September 28, 2020
A seller sued a title company for defamation regarding a dispute between himself and the title company regarding whether the property he sold was encumbered by a mortgage at the time it was sold.
The seller claimed that the letter requesting he indemnify the company against losses or expenses associated with the mortgage defamed him by accusing him of committing a crime by fraudulently conveying the property while stating the property was free of encumbrances.
Read on for more details.
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Title company seeks dismissal from securities-related fraud suit
Posted Date: Monday, September 28, 2020
In one of three civil cases on the subject, investors in a lending enterprise sued, among others, the title company that held funds in escrow on behalf of applicants in a loan program. Two people had pled guilty in criminal cases connected to the lending enterprise. Read on for more details.
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Former real estate attorney sentenced for fraud
Posted Date: Monday, September 28, 2020
A former attorney was sentenced in federal court in Springfield, Mass. for attempting to defraud and defrauding clients, investment firms and commercial lenders. Read on for more details.
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