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TIRSA updates New York rate manual
Posted Date: Wednesday, October 23, 2024
The Title Insurance Rate Association adopted a new rate manual that went into effect Oct. 1. It included several endorsements designed to ensure New York consumers have the appropriate endorsements they need.
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DC AG settles with another title company for alleged kickbacks
Posted Date: Monday, October 28, 2024
The Washington, D.C., Office of the Attorney General announced it settled allegations of illegal kickback schemes related to joint ventures with an Alexandria, Va.-based title company.
This follows the office’s settlements with four title companies related to their agent-owned joint ventures and affiliated business arrangements.
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FTC appeals court decision blocking non-compete rule
Posted Date: Monday, October 28, 2024
The Federal Trade Commission filed a notice of appeal in the Fifth Circuit of the Northern District of Texas, challenging the court’s decision to set aside the agency’s rule banning most non-compete clauses in contracts between employers and employees.
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Property owner appeals breach of contract decision
Posted Date: Monday, October 28, 2024
In a property dispute, a church sought a statutory partition of commonly owned real property and asserted claims for breach of contract and breach of the duty of good faith and fair dealing after its motion to strike the defendant’s answer and dismiss his counterclaim was granted. The defendant appealed.
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Texas Department of Insurance adopts changes to title insurance manual
Posted Date: Wednesday, October 23, 2024
The Texas Land Title Association counsel spoke with The Legal Description about the Texas Department of Insurance adopting changes to the Basic Manual of Rules, Rates, and Forms for the Writing of Title Insurance in the State of Texas and to the Texas Title Insurance Statistical Plan.
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Parties dispute whether statute of limitations bars collection of debt
Posted Date: Wednesday, October 23, 2024
After a series of notices of trustee’s sale and bankruptcy proceedings, a pair of Arizona homeowners sought an accounting for a loan they believed was forgiven. Eventually, their lender sought a determination of whether the statute of limitations bars the collection of debt.
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California governor signs mortgage fraud amendments
Posted Date: Wednesday, October 23, 2024
California Gov. Gavin Newsom signed legislation prohibiting the filing of fraudulent documents with the county recorder and amending the definition of mortgage fraud.
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N.J. attorney pleads guilty to stealing in 46 transactions
Posted Date: Wednesday, October 23, 2024
A Garden City, N.J., attorney pleaded guilty to grand larceny for stealing more than $5 million in connection with 46 separate real estate transactions between September 2020 and January 2024.
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Property owners seek to quiet title in adverse possession dispute
Posted Date: Monday, October 21, 2024
Owners of property in Villa Park, Ill., sought to quiet title to a disputed portion of their property, claiming ownership through adverse possession. Adjacent property owners sought to dismiss the suit, which the trial court granted. The property owners appealed.
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California adopts real property disclosure bill
Posted Date: Monday, October 21, 2024
California Gov. Gavin Newsom signed legislation that will require a seller of real property who received domestic water storage tank assistance, where the real property still has the domestic water storage tank, to deliver a disclosure statement.
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FundingShield report shows close to half of transactions at risk of fraud
Posted Date: Monday, October 21, 2024
FundingShield’s Q3 2024 fraud analytics report showed that during the quarter, close to half the transactions on an $82 billion portfolio comprising residential, commercial, and business purpose loans had issues leading to a risk of wire and title fraud.
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