News By Edition

Institutions subject to the Corporate Transparency Act will need to begin filing beneficial ownership information (BOI) in March following the latest court ruling on the matter, according to the Financial Crimes Enforcement Network. The D.C. District Court stayed the last injunction preventing enforcement of BOI requirements intended to help mitigate illicit business operations.

An appeals court case heard from a title agent looking to overturn a prior decision that found in favor of a family that had inherited property with an unrecorded deed.

The attorneys general of 14 states have published an open letter supporting the legality and importance of diversity, equity and inclusion initiatives and best practices, in opposition to recent policy statements by the Trump administration.

As part of its consumer recovery efforts in 2024, the Oregon Division of Financial Regulation recovered nearly $9 million, with insurance complaints accounting for most of the cases.

A state bill would amend the Arkansas Title Insurance Act to grant title agents full access to electronic property records and other instruments documenting real estate transactions.

The New Hampshire Insurance Department issued a reminder to all those subject to the state’s insurance law that they are obligated to respond to the department’s investigations in a timely manner.

President Donald Trump faces a joint lawsuit filed by a group of state governors and attorneys general over unauthorized information disclosures from the U.S. Treasury related to Department of Government of Efficiency activity.

The New Hampshire Insurance Department has released key statistics and figures from 2024, including $6.43 million in consumer recoveries and a growth of the state’s general fund totaling $164.7 million.

A new state House bill under consideration in Illinois would update the state’s property tax code and clarify the rules governing excess proceeds sales.

A state bill under consideration in Arkansas would allow title insurance agents to pay real property taxes when issuing a title.

The New York-based orchestrator of a real estate fraud scheme is responsible for soliciting millions in misappropriated funds and is facing up to 20 years in prison.

The U.S. Department of Justice on Feb. 6 filed an appeal against the district court decision currently halting enforcement of the Corporate Transparency Act’s Beneficial Ownership Information reporting requirement by the Financial Crimes Enforcement Network.

The Texas Department of Insurance has announced a 10 percent reduction to title insurance premium rates in the state, to take effect later this year.

Scott Turner, former member of the Texas House of Representatives, promised to take a “fresh look” at Housing and Urban Development operations while expanding policies from the first Trump administration.

A cybersecurity bill co-authored by Sens. John Hickenlooper and Shelley Moore Capito would direct the National Telecommunications and Information Administration to create a working group to improve industry practices and increase consumer awareness.

The Delaware Department of Insurance notified all insurance companies authorized to operate in the state of updated definitions, regulations and expectations governing the use of artificial intelligence.

A Tennessee state senate bill proposes to enshrine a series of rights and requirements for real property transactions, including giving purchasers the exclusive right to select the settlement agent.

According to a new report by CertifID, first-time homebuyers are three times more likely to fall victim to real estate wire fraud schemes when compared to more experienced consumers.

California’s Department of Financial Protection and Innovation announced a consent order against Patelco Credit Union following an investigation into a June 2024 ransomware attack that included a monetary penalty for cybersecurity violations.

Security service provider Brinks Global Services was served a $37 million civil money penalty by The U.S. Treasury Department’s Financial Crimes Enforcement Network for violations of the Bank Secrecy Act.

An Arkansas state bill would update rules governing real property deed filing and recording to require deeds to be filed only by the recorder of the county the property is located in.

A former Queens, N.Y.-based attorney, who had previously pleaded guilty to committing wire fraud against his real estate clients, was given a 54-month prison sentence on Feb. 4 and ordered to pay more than $6 million in fines and restitution.

The previous Hawaii Insurance Division chief deputy insurance commissioner has been named acting insurance commissioner, replaces the outgoing Gordon Ito, who retired on Jan. 31.