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Florida DFS opens comments on title insurance inducement rule
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Regulatory Updates
Monday, March 20, 2017
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The Florida Department of Financial Services has opened its comment period for a rule entitled Unlawful Inducements Related to Title Insurance Transactions. The rule is designed to clarify that “the reimbursement of any premium, fees, or costs relating to title insurance transactions, or the provision of any non-specified valuable consideration or benefit that also serves as an inducement in the placement of title insurance, is an unlawful rebate.” Read on for more details.
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