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Liability insurer seeks reconsideration of law firm’s coverage dispute
Posted Date: Wednesday, June 2, 2021
In a dispute involving a professional liability policy issued to a law firm, the professional liability insurer moved for reconsideration of the court’s motion to stay pending the resolution of state-court suits in which it is defending its insured. Read on for more details.
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Iowa Legislature passes recording legislation
Posted Date: Wednesday, June 2, 2021
The Iowa Legislature passed a bill concerning the use of fees collected by a county recorder or governing board of the county land record information system for processing and recording instruments. The bill was sent to the governor. Read on for more details.
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Texas passes mechanic’s lien legislation
Posted Date: Wednesday, June 2, 2021
The Texas Legislature passed legislation amending the state’s statutes regarding mechanic’s liens. The bill was sent to Gov. Greg Abbott for his signature. Read on for more details.
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Seller seeks coverage for dispute with neighbor
Posted Date: Wednesday, June 2, 2021
After the seller of property in Metairie, La., discovered a fence on a neighboring property encroached on his property, he settled with his neighbor to address the issue and then sought coverage from his title insurer. His title insurer denied coverage and he filed suit. Read on for more details.
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Maryland Insurance Administration names new chief of staff
Posted Date: Wednesday, June 2, 2021
Maryland Insurance Commissioner Kathleen Birrane named a new chief of staff. The new chief of staff succeeds Gregory Derwart, who was promoted to deputy insurance commissioner in March 2021. Read on for more details.
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Arizona to discontinue provisional licenses
Posted Date: Wednesday, June 2, 2021
The Arizona Department of Insurance and Financial Institutions announced it will discontinue the issuance of provisional licenses effective June 7, 2021. Read on for more details.
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Title company gets caught in couple’s dispute
Posted Date: Wednesday, May 26, 2021
When a man purchased property in Fresno, Calif., he had it titled to his girlfriend so the property wouldn’t get tangled in his pending divorce. The couple later parted ways and the girlfriend insisted the property was given to her as a gift. The man filed suit and the girlfriend filed a cross-complaint against the title insurer to for failing to provide a defense in the suit. Read on for more details.
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Former title company employee alleges discrimination
Posted Date: Wednesday, May 26, 2021
The former employee of a title company based in Virginia filed suit against his former employer, alleging he was discriminated against and Title VII unequal compensation discrimination, Title VII wrongful termination, and Title VII retaliation claims. Read on for more details.
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Nevada passes revisions to deed upon death provisions
Posted Date: Wednesday, May 26, 2021
The Nevada Legislature has passed legislation revising the exemption from real property transfer taxes for the conveyance of real property under a deed which becomes effective upon the death of a grantor, as well as the provisions governing the enforcement of claims against real property transferred pursuant to a deed upon death. The bill awaits the governor’s signature. Read on for more details.
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Washington governor signs restrictive covenant bill
Posted Date: Wednesday, May 26, 2021
Washington Gov. Jay Inslee signed legislation relating to the review and property owner notification of recorded documents with unlawful racial restrictions. Read on for more details.
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Minnesota extends exception for mortgage, deed filings
Posted Date: Wednesday, May 26, 2021
Minnesota has adopted legislation extending the sunset of the temporary exception for certain filings of mortgages and deeds of trust from Dec. 1, 2020 to June 30, 2022. Read on for more details. Minnesota has adopted legislation extending the sunset of the temporary exception for certain filings of mortgages and deeds of trust from Dec. 1, 2020 to June 30, 2022. Read on for more details.
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Appellate court determines whether decision impacts buyers
Posted Date: Monday, May 24, 2021
After a man was ordered to sell property by a trial court, a couple purchased the property. An appellate court reversed the trial court’s order to sell, and the man sued the couple for specific restitution to convey the property back to him. The appellate court was asked to determine whether the couple were good faith purchasers. Read on for more details.
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Parties dispute right to foreclose
Posted Date: Monday, May 24, 2021
A lender who issued a mortgage to a prior owner of property in Stafford, Conn., sought to foreclose on the property. The current owners argued they had no notice of the mortgage and moved for summary judgment. Read on for more details.
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NYSDFS announces cybersecurity settlement
Posted Date: Monday, May 24, 2021
The New York State Department of Financial Services announced that two life insurance companies will pay a $1.8 million penalty to the state for violation of the NYSDFS’ Cybersecurity Regulation that caused the exposure of a substantial amount of sensitive, non-public, personal data belonging to its customers. Read on for more details.
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Former managing director, loan officers plead guilty to fraud
Posted Date: Monday, May 24, 2021
The former managing director of residential lending and two former loan officers of a financial institution headquartered in Southfield, Mich., pleaded guilty to participating in a years-long scheme to originate fraudulent residential-mortgage loans through the bank’s low-documentation Advantage Loan Program. Read on for more details.
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Two charged with mortgage fraud for apartment building loan
Posted Date: Monday, May 24, 2021
Two New York men were arrested on federal conspiracy, fraud and false statement offenses related to a mortgage fraud scheme involving a loan for two Hartford, Conn., properties. Read on for more details.
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