Cybersecurity commission releases report
Earlier this year, President Obama put together a Commission on Enhancing National Cybersecurity and tasked its members with providing a report of actionable recommendations for securing and growing the digital economy by strengthening cybersecurity. The commission presented its final report Dec. 1. Read on for more details.
Maryland reaffirms position on notaries
The Maryland Insurance Administration released a bulletin reaffirming its position on notaries who participate in real estate closings and settlements. Read on for more details about its position.
Secondary lien holder disputes alleged reconveyance
After property was reconveyed by a title company and sold via short sale to pay off the first lien on the Idaho property, the secondary lien holder filed suit, alleging tortious interference and negligent reconveyance, among other things. Read on for more details.
Homeowners seek class certification in kickback suit
Forty-eight homeowners brought a class action lawsuit against a title agency, marketing companies and lenders alleging violations of the anti-kickback provisions of RESPA. While several lenders have entered into settlements with various classes in the suit, a motion for class certification moved forward against the one lender moving forward with litigation. Read on for more details.
Industry changes in play after election
With a surprise victory for President-Elect Donald Trump and the Republican-led Congress, the door has been opened for changes to industry regulations that many haven’t thought about since before the Consumer Financial Protection Bureau was established. Read on for more details.
Florida Supreme Court: Statute of limitations restarts with each foreclosure
The Supreme Court of Florida recently interpreted the application of the five-year statute of limitations to an action to foreclose a mortgage pursuant to state law. The case before it came from the Fifth District Court of Appeals, which certified the question as one of great importance. The appellate court had overturned a trial court’s decision, holding that the statute of limitations had not expired because the case involved the foreclosure of subsequent accelerated payments, not the original foreclosure. Read on for more details.