|
 Couple seeks to quiet title to mortgage that predates ownership Tuesday, August 16, 2022 A couple sued the holder of a mortgage seeking to discharge the 1989 mortgage and quiet title to the New Fairfield, Conn., property. They argue that collection of the loan proceeds secured by the mortgage is barred by General Statutes Section 42a-3-118(a). |
Insurer, lender debate extending stay in HOA coverage dispute Tuesday, August 16, 2022 The U.S. District Court for the District of Nevada has many cases in front of it seeking to determine whether a title insurance claim involving a homeowners’ association assessment lien, and subsequent foreclosure sale, was covered by a lender’s title insurance policy.
NAIC accredits Alaska, Iowa, Minnesota and Ohio Tuesday, August 16, 2022 The National Association of Insurance Commissioners Financial Regulation Standards and Accreditation (F) Committee voted to accredit the Alaska, Iowa, Minnesota, and Ohio departments of insurance at the NAIC Summer National Meeting.
 Bank claims HOA lien extinguished after foreclosure Monday, August 15, 2022 A bank acquired title at a sheriff’s sale after the mortgage foreclosure to property subject to a homeowners’ association (HOA) declaration of covenants. When the bank later sold the property, the HOA billed the bank for assessments for the period the bank held title to the property. The bank refused to pay and filed suit to divest the land from the HOA covenants and vacate the fees.
 CFPB monitoring data security at financial companiesMonday, August 15, 2022 The Consumer Financial Protection Bureau (CFPB) confirmed in a circular that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols.
 Title insurer seeks extension of stay in HOA coverage dispute Monday, August 15, 2022 In one of several cases before the U.S. District Court for the District of Nevada, a title insurer sought an extension of stay in a case seeking to determine whether a title insurance claim involving a homeowners’ association assessment lien, and subsequent foreclosure sale, was covered by the corresponding title insurance policy.
Acting Comptroller of the Currency speaks on cybersecurity risks Monday, August 15, 2022 Acting Comptroller of the Currency Michael Hsu discussed cybersecurity risks and resilience during a joint meeting of the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council.
Utah proposes amendment to agency review rule Monday, August 15, 2022 The Utah Department of Insurance is proposing an amendment to R590-160-8, Agency Review, to remove a reference to a state law allowing an agency to reconsider an agency review. The department is receiving comments until Oct. 3, 2022.

|
|