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Property owner sues title insurer after utility easement discoveryMonday, April 22, 2024 An entity that purchased property in Fort Worth, Texas, discovered after the sale that a company had a general utility easement on the property and planned to construct a pipeline on the property. The entity’s title insurer handled the claim, but the parties disputed how it should be handled and the entity filed suit. |
FinCEN renews GTOs Monday, April 22, 2024 The Financial Crimes Enforcement Network renewed its Geographic Targeting Orders that require title insurers to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. |
Oklahoma passes mortgage release legislationMonday, April 22, 2024 The Oklahoma Legislature passed legislation to provide that a title insurance company can not charge a fee for the filing of a release of mortgage affidavit. The bill awaits the governor’s signature.
Maryland insurance commissioner announces resignation Monday, April 22, 2024 Maryland Insurance Commissioner Kathleen Birrane announced her intent to resign effective June 30 and to return to private practice at DLA Piper, where she was a partner until appointed commissioner in May 2020.
Ninth Circuit rules on HOA coverage disputeWednesday, April 17, 2024 The Ninth U.S. Circuit Court of Appeals recently heard an appeal of a district court’s grant of summary judgment to a title insurer on a lender’s claims for coverage under its title policy when its deed was extinguished after a homeowners association enforced its superpriority lien for delinquent assessments.
Alaska issues CPL bulletin Wednesday, April 17, 2024 The Alaska Division of Insurance issued Bulletin B 24-05, clarifying the filing requirements of a closing protection letter under state law.
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