Homeowners in south underinsured against floods, CFPB findsWednesday, January 15, 2025 While residents of coastal states tend to prepare accordingly for the risk of flooding, a new report by the Consumer Financial Protection Bureau finds that rivers and creeks present a danger that many homeowners may be underestimating when it comes to flood insurance.
Pennsylvania accepting comments on notarial acts regulationWednesday, January 15, 2025 The Pennsylvania Department of State is currently accepting public comments on a rulemaking proposal relating to the Revised Uniform Law on Notarial Acts, which would update legal language governing notary qualifications and procedures.
White House debuts consumer cybersecurity initiativeWednesday, January 15, 2025 The White House announced a voluntary cybersecurity labeling program for “smart” products intended to help make more informed decisions about the security of the interconnected devices.
Prepare now for FinCEN’s upcoming residential real estate ruleMonday, January 13, 2025 With the Financial Crimes Enforcement Network’s anti-money laundering rule targeting residential real estate transactions taking effect in December, a pair of experts laid out what it means for the title insurance industry. Even though the effective date is a year away, they stressed compliance departments should begin planning now for the time it will take to train staff on the new requirements.
CPPA extends public comment period in light of SoCal wildfiresMonday, January 13, 2025 As wildfires continue to devastate the greater Los Angeles area, the California Privacy Protection Agency is extending the public comment period on proposed rulemaking updates and has set an additional hearing date for Feb. 19.
Appeals court hears marital property disputeMonday, January 13, 2025 The Superior Court of New Jersey’s Appellate Division heard an appeal from the spouse of a previous defendant in a quiet title dispute, who sought intervention in the sale and deed transfer of her marital home. The appellant had previously been denied intervention by the court’s Chancery Division.
Podcast: Calabria offers exclusive take on Trump 2.0, housing policyMonday, January 13, 2025 The Keys to Real Estate podcast interrupted its season break to deliver a timely and exclusive discussion with Dr. Mark Calabria, a senior advisor at the Cato Institute who served as director of the Federal Housing Finance Agency during the first Trump administration, to discuss the impact Trump’s second term could have on the housing market and the economy.
Washington governor reappoints head of DFIMonday, January 13, 2025 First tapped as director of the Washington Department of Financial Institutions in 2019, Charlie Clark was reappointed as director of the state’s Department of Financial Institutions by Gov.-Elect Bob Ferguson.
Bank and title agency in conflict over trust agreementWednesday, January 8, 2025 After a bank was sued by the relative of a trust holder over defaulted loans and alleged mishandling of closing procedures, the trust’s title insurance issuer was asked to defend against the claims. The insurer declined, and the bank and insurer filed cross motions for summary judgement.
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