Legislative Developments

The economic crash of 2008 and the subsequent foreclosure crisis hit Florida extremely hard. It is no wonder therefore that at the Attorneys Title Insurance Fund 49th Annual Assembly, speakers took some time to discuss foreclosures in the state.

The Louisiana legislature has adopted two title insurance related bills, one creating a title insurance committee to study title search periods, the other to establish new continuing education requirements for title insurance licensees. Read on for more details.

The Colorado General Assembly has adopted a bill that will clarify the requirement for a certificate of taxes due in connection with title insurance. Read on for more details.

Law practices will now be able to serve as trustees of trust deeds under a bill recently adopted by the Oregon legislature. Read on for more details.

The New York General Assembly has introduced a bill that would require title insurance providers to disclose title service charges to customers upon receipt of an application for title insurance.

Iowa Gov. Terry Branstad signed a bill that allows the Title Guaranty Division of the Iowa Finance Authority to execute and record a certificate of release in the property records. Read on for more details.

The Maryland General Assembly adopted a bill authorizing a mortgagor or grantor to refinance the indebtedness secured by a first mortgage or deed of trust without obtaining permission from the holder of junior liens. The bill awaits the signature of Gov. Martin O’Malley. Read on for details.

The Washington legislature is awaiting the governor’s signature on a bill that establishes an alternative reconveyance procedure for mortgages that have been paid in full. Under the passed bill, title agents, escrow agents, title insurers and attorneys would be able to conduct the reconveyance. Read on to find out more.

The Maine legislature is considering a bill that would permit title insurers in the state to issue closing or settlement protection in the state. Read on for more details.

The Colorado General Assembly is considering a bill designed to clarify when a title is effective. Read on to find out more details.