News By Edition

The Arizona Legislature is considering legislation regarding foreclosing the right to redeem a tax lien.

Knight Barry Title Inc. recently provided notice of a cybersecurity incident that may impact some consumer data. In an interview with The Legal Description, CEO Craig Haskins said systems were restored without disrupting any closings.

A title agency appealed a final administrative action of the commissioner of the New Jersey Department of Labor and Workforce Development finding it responsible for contributions under state law.

A former funding specialist sued the title agency she worked for, alleging that when it terminated her employment, it denied her a reasonable accommodation to which she was entitled under the Americans with Disabilities Act. She had worked remotely for two years before the company determined she could not perform all the essential functions from home.

The inherited owner of property in Arizona filed suit against a bank and underwriter, alleging they were pursuing a fraudulent claim as a deed of trust to claim a debt which never occurred and requested a cease and desist order and a temporary restraining order to halt foreclosure. The defendants moved the case to federal court. One defendant moved to strike affidavits of service and the other moved to quash.

The National Institute of Standards and Technology revised draft guidance on developing an effective program and a flexible approach for developing information security measures to meet a company’s performance goals.

The Indiana General Assembly is considering legislation that would require real estate closings including agricultural land to include an affidavit in which the purchaser affirms that the purchaser is not prohibited from acquiring agricultural land.

CertifID’s 2024 State of Wire Fraud report shows that one in 10 Americans were targeted for real estate fraud and one in 20 suffered losses.

The Arizona Legislature is considering legislation that would make title insurance agents responsible for all recorded documents related to the transaction of property.

The South Dakota Legislature is considering a bill that would require the disclosure of certain information prior to the sale of property bound by a homeowners’ association.

The Maryland Insurance Administration (MIA) issued Bulletin 24-2 re: contact information in the event of a disaster or catastrophic event. The information requested must be submitted to MIA by the close of business April 15.

Georgia Attorney General Chris Carr filed suit against MV Realty and its affiliates, alleging the companies used unlawful and deceptive means to mislead homeowners into signing a 40-year agreement for what he alleges is a predatory financial product.

The Washington Legislature is considering legislation that would clarify the process for redacting void covenants from recorded property documents.

The Utah Legislature is considering legislation that would require counties to maintain a system to alert property owners when a county recorder records a deed or mortgage on the owner’s property.

The Kansas Legislature is considering a bill that would eliminate the annual controlled business reporting requirements placed on title agents and insurers.

The Colorado Division of Insurance issued its annual report on title insurance to the Colorado General Assembly. The report covers enforcement actions, market trends, and consumer complaints.

The Arizona Legislature introduced legislation that would prohibit designated countries from owning land in the state.

The Utah Legislature is considering legislation that establishes minimum net worth requirements for agency insurance producers.

The deputy mayor of Willingboro Township, N.J., and one of his business associates were charged with conducting a scheme to discharge the deputy mayor’s mortgage obligation on his property through a fraudulent short sale.

The Missouri Legislature is considering legislation that would change the laws regarding real property to require the filing of a certificate of value before transferring an interest in real property.

The Pennsylvania Insurance Department announced the removal of certain fees associated with licensing forms to provide a less burdensome experience to licensees.

The West Virginia Legislature is considering enacting the Prohibition of Unfair Real Estate Service Agreements Act.

Colorado Gov. Jared Polis announced appointments to several commissions and boards, including the state title insurance commission.