The Indiana Department of Insurance issued a penalty of $67,175 to a title agency for failing to enter 2,677 RReal transactions.
The department and ServiceLink LLC, a nonresident title insurance producer organization, signed an agreed entry to resolve all issues involved in the case.
The final order states, “The commissioner, after reviewing the agreed entry, which levies a $67,175, civil penalty due to the respondent failing to timely enter 2,677 real estate transactions into the RREAL IN database within the statutorily required time period, finds it has been entered into fairly and without fraud, duress or undue influences, and is fair and equitable between the parties The commissioner hereby incorporates the agreed entry as if fully set forth herein, and approves and adopts in full the agreed entry as a resolution of this matter.”
ServiceLink must pay the civil penalty to the department within 30 days of the date of the final order.