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  D.C. Tenant Opportunity to Purchase Act amendments cause concern Monday, May 21, 2018 The Council of the District of Columbia has introduced legislation that would amend the Tenant Opportunity to Purchase Act of 1980 to no longer exempt bankruptcy sales of housing accommodation from transfers subject to the act. The proposed amendment also would require owners of rental housing accommodation that the owner acquired pursuant to a court-ordered sale to give tenants the opportunity to purchase the property. Read on to learn why the D.C. Land Title Association opposes the measure. |
 Appellate court rules foreclosure title charges deceptiveMonday, May 21, 2018 In a case of first impression in the Colorado courts, the Colorado Court of Appeals addressed whether the Colorado Consumer Protection Act (CCPA) and the Colorado Fair Debt Collection Practices Act (CFDCPA) prohibited foreclosure attorneys and title companies from billing mortgage servicer clients foreclosure commitment charges when those full costs were not actually incurred, despite knowing that these fraudulent costs would be assessed against homeowners in foreclosure. A district court ruled against the law firm and title companies, saying they violated the CCPA and the CFDCPA by engaging in the billing practice described above. Upon review, the appellate court affirmed. Read on to learn why the appellate court rejected the defendants’ argument that the filed rate doctrine restricted their payment practices. |
 Louisiana passes bill on inferior lien cancellation Monday, May 21, 2018 The Louisiana Legislature passed a bill that provides for the cancellation of inferior liens and mortgages on property sold at sheriff’s sales. The bill awaits the governor’s signature. Read on for more details. |
Louisiana passes bill on inferior lien cancellation Monday, May 21, 2018 The Louisiana Legislature passed a bill that provides for the cancellation of inferior liens and mortgages on property sold at sheriff’s sales. The bill awaits the governor’s signature. Read on for more details.
Title company claims MRTA extinguishes use restrictionsMonday, May 21, 2018 In a dispute over land restrictions thought to have been extinguished from a 2007 acquisition, Chicago Title alleged that the use restrictions at issue actually were extinguished by the Oklahoma Marketable Record Title Act (MRTA). An Oklahoma district court looked into the 1956 and 1954 deeds at issue to determine whether MRTA extinguished the restrictions. It found that the 1956 restrictions were voluntarily released, but ruled against Chicago Title’s judgment on the pleadings. Read on to learn why.
Floridians sentenced for bank, wire fraud Monday, May 21, 2018 Two Floridians were sentenced to time in prison for conspiracy to commit bank and wire fraud in connection to a scheme to sell condominium units in Tampa, Fla. Read on for more details.
Title company seeks exemption in seller’s bankruptcy caseWednesday, May 16, 2018 A title insurer brought an adversary proceeding to except debt from discharge in a bankruptcy case by the seller of property who the company said lied about competing encumbrances on the property during the sale of property insured by the company.
 Michigan issues bulletin on insurance ’sliding’Wednesday, May 16, 2018 Patrick McPharlin, director of the Michigan Department of Insurance and Financial Services, issued a bulletin on insurance sliding, defined as an agent’s failure to fully disclose the details of and obtain informed consent to, the purchase of all products and services being included in an insurance transaction.
NS3 Keynote: Surviving, thriving in new regulatory worldWednesday, May 16, 2018 Flagstar Bank President and CEO Alessandro DiNello helped build Flagstar into the fifth-largest mortgage bank in the country, as well as one of the few to grow its servicing business in subsequent years. He will bring an expansive knowledge base to the stage as the keynote speaker at the 2018 National Settlement Services Summit (NS3) in Detroit, discussing collaboration with industry partners and new regulatory challenges to face.
Colorado gets new deputy executive directorWednesday, May 16, 2018 Colorado Department of Regulatory Agencies (DORA) Executive Director Marguerite Salazar has appointed Chris Myklebust to serve as deputy executive director of DORA.
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