|
NASS adopts remote notary standards
Posted Date: Wednesday, February 21, 2018
The National Association of Secretaries of State adopted remote notary standards. The standards were drafted by the NASS Remote Notarization Task Force and are designed to create a framework by which policy makers and regulators can look to when developing and implementing remote notarization laws, regulations and guidance. Read on for more details.
|
|
|
Title company sues seller for breach of contract
Posted Date: Monday, February 26, 2018
A title insurer sued the seller of a duplex in Houston on behalf of its insured, alleging breach of the covenant of seisin implied in the special warranty deed that conveyed the property to the insured and breach of the residential sales contract executed in connection with the sale. Read on for more details.
|
|
|
NAILTA issues paper on eNotarization legislation
Posted Date: Monday, February 26, 2018
The National Association of Independent Land Title Association has issued a paper entitled Notary Legislation: What to Know? Where do We Stand? The paper discusses the differences between the various state legislations in place and the potential impact of those types of legislation. Read on for more from the paper.
|
|
|
Title agency sues for breach of contract
Posted Date: Monday, February 26, 2018
Alleging that a mortgagor failed to make payments required under the promissory note after refinancing a property in Washington, D.C., a title agency was transferred interest in a suit from its title insurer, making a claim for breach of contract. Read on for more details.
|
|
|
Kentucky considers lien release affidavit legislation
Posted Date: Monday, February 26, 2018
The Kentucky Legislature is considering a bill that would provide specific requirements and the format of an affidavit filed by an attorney with the county clerk’s office to provide evidence of a release of a lien encumbering real property. Read on for more details.
|
|
|
Alabama considers mortgage recording fee increase
Posted Date: Monday, February 26, 2018
The Alabama Legislature is considering a bill that would increase the fees for recording mortgages and deeds of trust as well as a change in the distribution of proceeds to the Alabama Housing Fund. Read on for more details.
|
|
|
Texas man sentenced for bank fraud
Posted Date: Monday, February 26, 2018
A Houston man was sentenced to time in prison and ordered to pay more than $1 million in restitution for conspiracy to commit bank fraud. Read on for more details.
|
|
|
NYSLTA files challenge to DFS title reg
Posted Date: Wednesday, February 21, 2018
After months of discussion and dispute, legislative hearings, delays in the enforcement of the regulation and speculation that the industry would take action, the New York State Land Title Association, along with The Great American Title Agency and Venture Title Agency Inc., brought an action in the Supreme Court of the State of New York, County of new York, challenging the legality of New York State Department of Financial Services Insurance Regulation 208. Read on for more details.
|
|
|
|
Value of property key to breach of contract dispute
Posted Date: Wednesday, February 21, 2018
After discovering that a portion of their property was actually owned by the federal government, property owners in Nebraska filed a claim with their title insurer. The title insurer denied the claim and the property owners filed suit for breach of contract. The court’s motion on the title insurer’s motion for partial summary judgment hinged in part on how to calculate the value of the affected property to determine the loss sustained by the insured property owners. Read on for more details.
|
|
|
|
Four indicted for California fraud
Posted Date: Wednesday, February 21, 2018
California Attorney General Xavier Becerra announced the indictment of four individuals on 194 criminal felony counts for allegedly operating a mortgage fraud scheme throughout Southern California. The scheme resulted in a loss of approximately $2 million for 40 victims who were seeking loans to help pay off their mortgages. Read on for more details.
|
|