Title insurer seeks to compel arbitration in coverage
After a policyholder sued its title insurer in a third-party complaint regarding a title dispute on land it sold, the title insurer moved to compel arbitration and dismiss the complaint. Read on for more details.
Appellate court: LLC has own standing in title dispute
An Arizona appellate court was asked to review a dispute between a property owner and two title insurance companies after his original complaint was dismissed for a lack of standing. The plaintiff claimed he had an equitable interest in the limited liability company’s contract, but the appellate court did not see it the same way. Read on for the details.
Virginia Bureau of Insurance responds to comments to settlement agent regulation amendments
The Virginia Bureau of Insurance, part of the State Corporation Commission (SCC), has responded to comments regarding its proposed amendments to its Rules Governing Settlement Agents. It introduced the proposed changes late last year to clarify the scope of the regulations, add definitions to align with the Code of Virginia and enhance consumer protections.
Can condo association file more than one super lien? Massachusetts SJC weighs in
After the owners of a condominium unit began withholding payment of their monthly association dues because of a parking rules dispute, a Massachusetts condominium association filed three priority liens against the unit. The case moved through the state’s district and appellate courts, which both said extending a condominium association’s lien priority beyond one six-month period of time would undermine the purpose of the statutory scheme. The Supreme Judicial Court then agreed to hear the case.
Legislature amends title licensing law
The Alabama Legislature has amended the state’s title licensing law. The bill exempts licensed attorneys from licensure. Read on for more details.
With TRID reopened, industry sees chance for change
The TRID Journey
On April 27, Consumer Financial Protection Bureau Director Richard Cordray wrote a letter to industry trade associations that the CFPB plans to issue a notice of proposed rulemaking on the TILA-RESPA Integrated Disclosure/Know Before You Owe rule. Since the announcement, industry members voiced their support of a proposed rulemaking and shared the concerns they most hope the CFPB addresses. Read on for more details.