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  Illinois attorneys ordered to halt inducement practices Friday, April 19, 2019 In three separate orders, the Illinois Department of Financial Services has ordered Illinois agents to cease and desist from practices it considers illegal inducements for business under the state’s title insurance act and RESPA. Read on for more details. |
 Texas considers certificate of authority bill Friday, April 19, 2019 The Texas Legislature is considering a bill regarding certificates of authority that identify who has the authority on behalf of a partnership or corporation to sell property. Read on for more details. |
 Homeowner seeks to stop assignee from foreclosure Friday, April 19, 2019 After meeting the terms of a temporary mortgage modification, a Michigan homeowner believed the loan modification would become permanent. However, the assignee in charge of the loan after the modification agreement was made denied the permanent modification because of federal tax liens on the property and moved for a foreclosure sale.The homeowner eventually moved in court for summary disposition in her favor. Read on for more details. |
Alabama amends mortgage satisfaction act expansion Friday, April 19, 2019 The Alabama House Financial Services Committee provided a substitute for HB 218, which seeks to expand the state’s mortgage satisfaction act to non-residential mortgages. Read on for more details.
Montana looks to revise tax lien, tax deed lawFriday, April 19, 2019 The Montana Legislature is considering a bill that would revise the tax lien and tax deed laws in the state. It would specifically revise the tax lien and tax deed process for residential, agricultural and forest property with a dwelling. Read on for more details.
Prison ordered for email compromise fraudFriday, April 19, 2019 A Houston man was ordered to prison after being convicted of conspiracy to commit wire fraud. A co-defendant who was a Nigerian citizen pled guilty in October to hacking into victims accounts and sent what appeared to the victims to be legitimate emails from banks or title companies, who then transferred money into accounts they controlled. Read on for more details.
 Insured lender sues E&O provider over title agency’s claimWednesday, April 17, 2019 A national bank filed suit against a title agent’s insurance provider for failing to provide coverage to the agency arising out of a lawsuit filed by the bank against the title agency and others to recover losses as a result of a mortgage fraud scheme. Read on for more details.
 FDIC issues letter on service provider contractsWednesday, April 17, 2019 The Federal Deposit Insurance Corp. (FDIC) issued Financial Institution Letter FIL 19-2019, making financial institutions aware of examiner observations that financial institution contracts with technology service providers that may require financial institutions to take additional steps to manage their own business continuity and incident response. Read on for more details.
 Kraninger speech outlines vision for bureau Wednesday, April 17, 2019 During a speech at the Bipartisan Policy Center, Consumer Financial Protection Bureau Director Kathy Kraninger outlined her vision for the bureau, crafted after her months-long listening tour shortly after taking the job. Read on for more details.
Illinois moves Blockchain Business Development Act forward Wednesday, April 17, 2019 A bill titled the Blockchain Business Development Act is moving forward in the Illinois General Assembly. Having passed the House, the bill is now making its way through the Senate. Read on for more details.
Oklahoma re-creates Oklahoma Abstractors Board Wednesday, April 17, 2019 The Oklahoma Legislature has re-created the Oklahoma Abstractors Board, modifying the termination date. The board was to sunset July 1, 2019, and has the responsibility to administer and enforce the Oklahoma Abstractors Act. Read on for more details.
California man sentenced for fraud, ID theftWednesday, April 17, 2019 A Santa Monica, Calif., man was sentenced to time in prison after pleading guilty to mail fraud and identity theft charges in connection with a mortgage fraud scheme involving two waterfront residential properties in Broward County, Fla. Read on for more details.
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