Super-priority of HOA liens debated in highest D.C., Nevada courts
Courts in Washington, D.C., and Nevada made headlines in the last few months for upholding a law that, before now had been relatively unchallenged in these or other states in the country. The laws at issue allowed homeowners’ associations in each jurisdiction to have super-priority over even first deeds of trust, and even extinguish those mortgages.
Whistleblower sues for violations against government
A former employee of a title insurer alleged that the title company submitted false or fraudulent claims to the government in violation of the False Claims Act when it did title work for Freddie Mac. He also alleged that he was retaliated against after he brought the investigation to the company.
Arkansas Insurance Commissioner warns against targeted scam
Regulatory Updates, The Blotter
Arkansas Insurance Commissioner Jay Bradford is advising title agencies in the state to be aware of a scam that has impacted at least one Arkansas title business. Read on for more details.
Arkansas insurance commissioner issues bulletin on title rate calculation
Arkansas Insurance Commissioner Jay Bradford on Oct. 1 issued a bulletin clarifying the requirements for reporting title insurance premiums. Read on for more details and what title agents need to do to aid in the effort.
Court determines lien priority in dispute between HOA, lender
When a bank was making preparations for a trustee’s sale of a residence in a common interest community, an entity stopped them, arguing that it already had purchased the property at the trustee’s sale of a superior lien holder — the homeowners’ association. The case eventually went before the Supreme Court of Nevada.
Wells Fargo shares plans for new Closing Disclosure forms
Industry News, Regulatory Updates
Who will prepare and deliver the Closing Disclosure forms and how will the process change? Wells Fargo announces its plans.