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Settlement agent sentenced for stealing closing funds Wednesday, July 28, 2021 The former president of an escrow and title company was sentenced to prison for misappropriating $715,000 of closing funds in connection with 48 real estate transactions for which she served as the settlement agent.
  Parties propose $2.6M settlement in kickback class action Monday, July 26, 2021 The parties to a kickback class action proposed a more than $2.6 million settlement. The plaintiffs, buyers of property in Maryland, alleged their mortgagee participated in an illegal kickback scheme with the title company that did their title and settlement work.
 Blefari to deliver NS3 keynote address on opening dayMonday, July 26, 2021 HomeServices of America CEO Gino Blefari will kick off the 17th annual National Settlement Services Summit (NS3) in Naples, Fla. Other first-day speakers will discuss the growing cannabis industry, the secrets to landing referrals, and state regulatory trends around the country.
Uniform Law Commission appoints new drafting committeesMonday, July 26, 2021 At its 2021 Annual Meeting in Madison, Wisc., the executive committee of the Uniform Law Commission authorized the appointment of four new drafting committees and two new study committees. This includes a drafting committee on restrictive covenants in deeds and a study committee on redaction of personal information from public records.
Minnesota gets new leadership for insurance division Monday, July 26, 2021 Minnesota Commerce Commissioner Grace Arnold announced new leadership for the Commerce Insurance Division. The new hire has experience working on insurance policy at the state and federal level.
 Title company, seller seek to compel arbitrationWednesday, July 21, 2021 Numerous buyers sued the seller of property and its parties, as well as the title company that helped with the transactions, alleging they were part of a nationwide scheme to fraudulently induce investors into purchasing unregistered securities in real property. The seller and the title company then moved to compel arbitration, which the trial court denied. The parties appealed the decision to the Court of Appeals of Texas, Dallas.
 Washington proposes title agent county declarations Wednesday, July 21, 2021 The Washington Office of the Insurance Commissioner is considering rulemaking to enhance the reporting for title agents. It would add regulations for title agent to submit proof of ownership or leasing rights to the tract indexes for counties they apply to operate in on the initial declaration of title insurance agent form.
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