Legislative Developments

The New York Assembly is considering a bill that would remove illegal restrictive covenants from the public record. Read on to find out the title industry’s role in removing these offensive covenants.

The West Virginia Legislature is considering a bill that would require a seller of real property to satisfy upon closing any unpaid charges owed to the county and municipality in which the property is located. Read on to find out what role closing agents are required to play in this process.

A bill has been introduced in the Oregon General Assembly that would prohibit escrow agents or other real estate closers from accepting funds for property if the seller is 65 years old or older, the selling price is more than 20 percent below the appraised value, and the escrow agent believes the seller doesn’t understand the terms of the transaction. Read on for more details.

The Legislative Assembly of North Dakota is considering a bill regarding the acceptance of certain funds by closing agents in real estate transactions. Read on for more details.

The Oklahoma legislature has introduced a bill that would allow title insurance companies to execute affidavits to release mortgages from the county records under certain circumstances. Read on for more details.

The North Dakota Legislative Assembly is considering a bill that amends the state’s law regarding lien priority. Read on for more details.

The Indiana General Assembly is considering a bill that any time after a judgment is entered in a foreclosure action, a purchaser or an omitted lienholder may bring a civil action to determine the omitted lienholder’s interest and determine the amount of the proceeds of the sale the omitted lienholder is entitled to. Read on for more details.

The Arkansas General Assembly is considering amendments to the state’s laws regarding mortgage assignments and mortgage releases. Read on for more details.

A bill has been prefiled in the Virginia General Assembly that would revise its foreclosure procedures as well as statutes regarding assignments of deeds of trust. Read on for more details.

The Washington State Legislature prefiled a bill that, among other things, would amend the state’s mortgage fraud law. Read on for more details.