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Settlement service vetting companies may violate state law, according to California bulletin
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Regulatory Updates
Monday, December 10, 2012
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In a new turn in the title agent vetting saga, the California Department of Corporations issued a bulletin cautioning lender licensees that using the emerging agent vetting companies to pre-screen their agents may violate state law. It also warned escrow licensees that participating in an agent vetting program could violate state law. The department asked all licensees to be cautious when looking into these programs. Read on for details from the bulletin.
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