The ALTA form contains a section generally known as the Schedule B Section II. This is a list of exceptions to coverage offered by the title insurance policy. An exception is a specific item that is not covered by the policy. Any exception listed on the title commitment carries over to the title insurance policy and limits coverage provided under the policy. Real estate transactions are fairly complex legal matters, and first-time homebuyers in particular are likely to encounter many new and unfamiliar terms while preparing for the closing process that completes the deal and transfers ownership. Title insurance is one concept that buyers often have questions about, particularly the matters of title commitment and Schedule B exceptions to title insurance coverage.
Property taxes are payable on an annual basis; due dates vary from county to county. Attorney Witt represented Ms. Caldwell and was an agent of the Connecticut Attorneys Title Insurance Company (hereinafter “CATIC”) and issued a title insurance policy to both Ms. Caldwell and on behalf of CATIC. The Court concludes that Witt had a duty only to Caldwell and not to the plaintiff. He was never retained by the plaintiff and owed her no duty. Any claim against Witt would have to be as an agent of CATIC and that issue as to whether CATIC is liable is not presently before this Court.
The question of who pays for this insurance varies by state and sometimes from county to county. In about 20 states, it’s the seller’s responsibility, and in another 20 or so states the responsibility falls to the buyer. The DMV inspection staff will check the new or used component parts, which were needed to rebuilt the vehicle, and verify the vehicle identification number . Once the inspector verifies the roadworthiness of your rebuilt motor vehicle, you will be issued the corresponding certificate of inspection, which will allow you to continue with the titling and registration procedures. Your motor vehicle has passed a salvage inspection with the state DMV.
I also understand that I may attempt to find a mortgage loan to finance the purchase of my home without the assistance of the real estate broker or salesperson in which case I will not be obligated to pay a fee to the real estate broker or salesperson. All rates are determined by the State of Connecticut and cannot be discounted. We are like a “mutual company” which means we answer to our clients, to our policyholders, and to ourselves, what does owner’s title insurance cover not to shareholders or to Wall Street. We honor, foster, and seek to enhance the experience of the title insurance agent, the attorney, the real estate professional, and our insureds in the real estate transaction process. Under automobile insurance plans providing medical payment coverage in personal injury cases, the insurance company may be entitled to reimbursement from a settlement for payment of services exceeding $5,000.
Ethical Guidelines Governing Title Company Legal Personnel
Property taxes are payable the 15th of November, February, and May; if paid in full by November 15th, owners receive a 3% reduction. The table shows the average cost of car insurance for 16-year-olds when adding them to an existing car insurance policy. When you add a teenager to your car insurance policy or they get their own, car insurance companies don’t actively communicate what discounts are available to you. In short, buyers have a lot of options for the kind of coverage they want in their title insurance policies. It just depends on their specific needs and how much they’re willing to pay.
Judith joined VATC in 2016 as a member of our post-closing title update team. A Rutland native, Judith worked for many years as a licensed designer and soil evaluator, designing septic systems in Vermont and Massachusetts, and has conducted title searches for an independent searching company. A beekeeper and costume seamstress for Lyric Theater, Judith lives in Essex Junction with her husband Daulton, two cats and a marvelous rescued Border Collie. Liz graduated from St. Michael’s College in 2007, and received her J.D. While in law school, Liz clerked for Judge Thomas Durkin in the Environmental Division of the Vermont Superior Court. After graduating, Liz worked at a law firm in Essex for 5 years and she joined the VATC team in 2016.
— Insurance News (@bfsi_ib) December 7, 2016
If the seller refuses to make the repairs or lower the price of the house accordingly, you might need legal help to ensure you don’t lose a lot of money on the deal. A real estate attorney can assist you in either getting out of the contract at the last minute or ensuring the repairs get done before closing day. Maybe you’re familiar with the benefits of working with agents and brokers, but you’re wondering why real estate attorneys would be involved. Well, one of the reasons is that many states require you to hire a real estate attorney before you buy a home! If you’re wondering if your state does, take a look at this list of the states with this requirement—and some reasons you might want to hire an attorney even if it’s not required. For those looking to refinance their home loan, the title search can also provide information that may have been missed at closing, such as an old open mortgage, or if a lien was placed on the property mistakenly.
It would be a shame to have your vehicle impounded and incur fees on a vehicle that you aren’t even driving. If you can find a good deal and you have verified that there are no major limitations for filing a claim because of the salvage branding, you can proceed and make an offer. — If a car is in a major accident and the repairs are costly, the car may be salvage. This happens when the resale value of the car is low and there is a major defect following the accident.
Federal Trial Courts, Boards, And More
Please do not leave a review for a lawyer you did not hire or consult with. Explain what your lawyer did or failed to do with your case . Tell us more about the legal topic that best matches your situation. General legal questions should be submitted throught this form.
Guy is based in the Rocky Hill, Connecticut office where he oversees the Underwriting, Compliance, Regulatory and Claims departments. He is a member of the ABA’s Title Insurance Litigation Committee, and is currently chairing the American Land Title Association’s Claims Administration Committee. He has spoken at many forums on a variety of title insurance topics. Before joining CATIC, he was in private practice for 13 years with a concentration in commercial transactions and land use matters.
Owner’s title insurance is often paid for by the seller as part of the offer negotiation. The home buyer’s escrow funds end up paying for both the home owner’s and lender’s policies. Upon closing, the cost of the home owner’s title insurance policy is added to the seller’s settlement statement, and the lender’s title insurance policy is covered by the buyer before closing. In the case of the home buyer’s title insurance policy, it’s customary for the seller to pay the costs of the policy issued to the new homeowner. It’s customary for the lender’s policy to be paid by the home buyer.
Any person or entity who accepts or receives such a commission or rebate shall be subject to a penalty equal to the greater of one thousand dollars or five times the amount thereof. Vehicle owners are not required to apply for a salvage title in Connecticut, since insurance companies have the authority to declare a vehicle a total loss motor vehicle and stamp the existing title certificate as a salvage title. In such cases, instead of getting a separate car salvage title, your insurer will mail a copy of your branded certificate of title to the state Department of Motor Vehicles . In most cases, buyers are not required to have their own policies.
For their services the attorneys do charge a fee that depends on several factors. Some lenders require that the buyer escrow money for certain things like property insurance and taxes. An escrow account is simply an account for the buyer that the bank uses to pay the property taxes and homeowners insurance when those bills come due. For those buyers who have escrow accounts, they generally are included in the mortgage payment so the buyer writes one check to the lender which gets broken out into the principle payment, interest payment and escrow payment. Closing a commercial real estate deal involves many of the same costs as you would find in a residential closing.
Real estate settlements may be conducted by lenders, title insurance companies, escrow companies, real estate brokers, or attorneys for the buyer or seller. HUD also indicates on its website that in some states, attorneys offer title insurance as part of their services in examining title and providing a title opinion. In other states, a title insurance company or title agent directly provides the title insurance.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size.
Fidelity National Title Insurance
Title searchers and title insurance agents should be aware of the “gap” problem that may arise due to indexing delays in the Office of the Recorder of Deeds. A gap period exists between the time that an instrument is submitted to the Recorder of Deeds for recording and the time that the instrument is actually indexed so that it can be found during a search of the public records. There is a perpetual indexing delay in the public records simply because incoming documents cannot always be instantaneously indexed to provide immediate notice to the public. At the time an instrument is presented to the Recorder of Deeds, it is assigned a document number and stamped with the date and time. In Illinois, the instrument takes priority over other instruments based upon this document number, date, and time.
If so, simply skip this step and post your request in our Free Legal Advice Center. Then wait for a reply from our experienced legal advisors, consultants or even your chosen lawyers. You can inquire about anything concerning your case, as well as questions about judicial issues in your state. RESPA permits a borrower to request to see the HUD-1 one day before the actual closing date. If the borrower makes such a request, then the settlement agent must provide him or her with a completed HUD-1 based on the information known at that time.
Though we have done our very best to find current laws and tax rates, each state has the ability to change their rules at any time. Please follow the links above and verify everything before making a decision. More items to consider with Texas state taxes are the Texas drivers license how much does title insurance cost and license plates and tags fees. Everyone’s situation is different and what works for one person, may not work for another. Please contact your local governmental offices for specifics for your own situation. A revision to the summary document was approved on July 1, 2021.
Since becoming the resident partner in the Washington Depot office in 2003, Attorney Fisher’s practice has been increasingly devoted to representing purchasers, sellers, and financial institutions in residential and commercial real estate transactions. His practice also includes estate planning and administration. His litigation practice is solely in the area of land title disputes and land use appeals.
A native Vermonter with two grown children, two granddaughters and a grandson. Jayne enjoys cycling, fitness, spending time with her family and traveling. Andy was engaged in private practice for 13 years before becoming State Manager and Title Counsel at Vermont Attorneys Title Corporation in 1997. At VATC Andy is a problem solver – helping over 200 member attorneys and their staffs resolve title issues.
Even though termed optional in the Loan Estimate, it is advisable for the purchaser to request an owner’s policy of title insurance. Required lender’s title insurance coverage protects the lender . Title defects or claims by others can be financially devastating to a purchaser who is uninsured. In September of 2019, the Federal Trade Commission issued an administrative complaint seeking to block the merger, following which, on September 10, 2019 Fidelity National and Stewart terminated their merger agreement and no longer plan to merge. Based in Boulder, CO, Adeptive is a technology company that develops products that deliver efficiency, flexibility, and scalability for the real estate title industry. Adeptive is known primarily in the title industry for its product ResWare™, which is a process flow software package that can be scaled and customized for any size operation.
Not limited to roads within the state highway system, but no liability for sidewalks maintained by a municipality. Although restitution has been awarded to an insurer as a “victim,” the statute does not specifically qualify an insurer as such. In State v. Jones, the court stated that the criminal defendant must abide by a probation order which included an amount in restitution to an insurer. Connecticut statute allows a court to order criminal restitution if there was damage to person or property as a result of a criminal offense, and if the victim specifically requests it. In DiLullo v. Joseph, 792 A.2d 819 (Conn. 2002), the Connecticut Supreme Court established a “default rule of law” where there is no agreement between landlord and tenant as to who bears the risk of loss. The “default” is that, unless the lease refers to a right of subrogation on the part of the landlord or its insurer, no right of subrogation exists.
In my experience, they are a superior title agency and can rely on my loyalty and continued business. Customer service is exceptional from the person who answers the phone to the most senior legal counsel. Benchmark is distinguished in its capacity to assist the real estate community. We routinely hold CLE seminars; moreover, we use our website to keep other professionals current with frequent industry developments and changes.
Our thorough communication throughout the entire legal relationship is one of the highlights of our client testimonials. His duty as a title searcher was to CATIC and to Caldwell, his client, and not to the plaintiff. The museum sent another letter on August 5, 2008, notifying homeowners that the museum intended to begin construction on its land adjacent to homeowners’ property. Attorney Abraham M. Hoffmann Attorney is located in Connecticut Trumbull at 4154 Madison Ave. Specializes mainly in Attorneys & law firms, Divorce attorneys and relevant types of rights! Compare Lawyers Title Ins Co law office with the best lawyers in U.S.
Don’t get me wrong – real estate attorneys can certainly play an important role in many transactions , but when a state’s laws force EVERYONE to hire an attorney for even the simplest transactions… some would argue that this is a bit overbearing. For example – in some states an attorney must be active in theentire closing process, whereas in other states an attorney must be involved only in the preparation of certain documents . The information in this article can be impacted by many unique variables. Always consult with a qualified legal professional before taking action. Our insurance claim attorneys strive to resolve insurance claims and achieve satisfied policyholder outcomes.
The defendant contends that because the plaintiff has already litigated a small claims case on this matter the doctrine of res judicata bars this action. There is no dispute that the small claims session of the superior court is a court of competent jurisdiction for purposes of res judicata. Nor does the plaintiff dispute that the parties are the same or that the claims are ones that were or could have been raised in the prior action.
When viewing a listing, consider the state advertising restrictions to which lawyers and law firms must adhere, as well as our FindLaw.com Legal Directory disclaimer. Some lawyers publish comparative information regarding the services that they provide which may be subject to specific comparative communications restrictions. Paul G. Mackey represents banks and other financial institutions in a broad range of commercial real estate transactions. He has experience handling debt and equity financings of office buildings, shopping centers, residential apartment buildings, hotels and industrial properties throughout the United States.
Westcor Land Title Insurance Company is the nation’s largest independent title insurance business. Westcor Land Title Insurance Company is rated A” by Demotech Rating Inc. Based in Maitland, FL, Westcor has regional offices throughout the United States. Please note, nebraska title insurance rates Attorney Foy is licensed to issue title insurance by the State of Rhode Island Department of Business Regulation, but is not licensed to practice law as an attorney in Rhode Island. The title insurance policy you bought insures the person who bought the property.
Welcome to our Commonwealth Connecticut web site exclusively for our customers.Commonwealth has been a leader in making title insurance a key to realizing the dream of property ownership for individuals and businesses alike. Over more than 130 years, we’ve withstood depressions and panics, booms and busts, and times of war and peace. Providing our customers with an unmatched combination of professional expertise, exemplary customer service and rock-solid security is the foundation of our business. Ken is a founding member of Goldman Gruder & Woods, LLC and Chairman of the Real Estate Law Practice Group, where he has practiced since 1995. Goldman Gruder & Woods, LLC has offices in Norwalk, Greenwich and Trumbull, Connecticut and Tarrytown, New York.
Title agents search public records for tax liens and any other outstanding claims that need to be resolved, and then insure the borrower and the lender against claims that might have gone undetected. Yes, in some sales situations, some closing costs won’t be paid. The conveyance tax is exempted entirely in transfers between spouses, property transfers under $2,000, certain sales by relocation companies, and transfers to certain non-profit organizations. As a bar-related title insurer utilizing independent attorney agents, CATIC retains a market niche as the sixth-largest regional title insurer in the United States with a long-standing presence in the New England states.
- After extensive factual research, discovery pleadings, completion of documentary evidence, settlement against banks participating in the property transaction, law firms and accounting firms worth over 225 million were achieved.
- We are also with you at the closing, staying with you to the very end.
- The only time that I think you are going to get off the hook is if you are dead and your estate probated and distributed before the lien is discovered.
- As an Independent Insurance Broker, my loyalty is with you, not any insurance carrier.
Connecticut courts are required to apply the comparative fault rule in injury lawsuits that make it through trial. Insurance adjusters may also choose to bring up the issue of comparative fault during settlement negotiations, so it’s best to be prepared. If a state is a non-attorney state , we utilize state licensed, trained, insured, and registered notaries for settlements.
For over 50 years, Indiana Land Trust Company has helped clients throughout the State of Indiana benefit from the establishment of land trusts for their real estate holdings. Additionally, we can offer mobile notary services to you for an additional separate fee. Many insurance adjusters are trained in tactics to break you down and frustrate you with red-tape and bureaucracy until you accept their offer.
Hundreds of data points may be considered when underwriters work with experts and insurance software to rate a risk, which is the industry term for pricing your home insurance policy. If your title company handles your closing, you will meet with a settlement agent in person then. In another 2003 case, the court issued a public reprimand to an attorney for assisting a non-attorney in the unauthorized practice of law regarding a real estate closing (In re Pstrak, 591 S.E.2d 623 (S.C. 2003)).
There is no dispute that the plaintiff filed this action on June 2, 2010. The misrepresentation counts were therefore filed after the three-year limitation period had expired. The undisputed facts are that the plaintiff purchased the property known as 489 Broad Street in Windsor from the defendant at a closing on March 31, 2006. Approximately two years later, two sinkholes emerged in the driveway near the garage. Soon thereafter the plaintiff discovered a concrete culvert that ran underneath her property, down her driveway, and under her garage, with water discharging out of the rear foundation wall of the garage.
A woman claimed she was part owner of a tract of land that later was divided to form a subdivision. She sued the homeowners in the community for a partial share of the land,” Clark says. An important step when applying for a Connecticut rebuilt car title is passing an official salvage inspection through an approved inspection station. You can apply for a salvage title insurance wisconsin vehicle inspection at the DMV Hamden and Wethersfield offices on Monday through Friday from 8 a.m. Note that you are not allowed to drive your salvage motor vehicle to the DMV site, and you can only transport it or have it driven or towed by an approved dealer or repairman. Submit a request for a new title and car registration with the department.
Before completing a Motor Vehicle Power of Attorney, you need to obtain the vehicle’s information including the Year, Make, Model, Style, Vin Number and Odometer . This information will be inputted into your Motor Vehicle Power of Attorney. Once you have this basic information, you need to choose an attorney-in-fact who will be acting on your behalf in regards to your vehicle. You need to appoint an attorney-in-fact to transfer the vehicle’s title. Avoid profanity – I will delete the vast majority of it, usually by deleting the entire comment. They are freely available, and you can post comments immediately.
Title Insurance A.M. Best Assigns Ratings To Connecticut Attorneys Title Insurance Company http://t.co/476xNwvQ
— Qekwt (@Qekwt) August 6, 2012
Ask your real estate agent, peers who have recently bought a home or your lender for recommendations for a title company. The title company makes sure a property title is legitimate, so that the buyer may be confident that once he buys a property, he is the rightful owner of the property. A common lender request to the attorney or title company includes specifically stating who has owned the property over the last 24 months. In other words mortgage fraud areas, but there are other areas lenders care about such as property flips. Property flips involve investors who purchase a home, usually renovate it, and then sell for a higher price. FHA loans have a rule in place preventing a loan within 90 days of the seller’s date of ownership.
As a result, it should always be reviewed and used as a benchmark for comparison when evaluating any commercial property coverage form. Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise – a lawsuit, property damage, theft, etc. – small business owners could end up facing serious financial turmoil. During the first 2 years the credit is figured at 40%, year 3 is figured at 35%, year 4 is at 30%, year 5 is at 25%, year 6 is at 20% and year 7 is at 15%. The credit is deducted from the full premium amount on the new loan. Before making your purchase, it is important to understand how title insurance works and the type of title insurance you will need.
A.M. Best has assigned a financial strength rating of A to Investors Title Insurance Company, designating it with “excellent ability to meet its ongoing insurance obligations.” For the same reasons cited in the Court’s comments in regard to Count Ten, the Court concludes that as to the negligence count, Witt had no duty to the plaintiff. The issue of fraud does not arise in Count Eleven, but since Witt had no duty to the plaintiff as alleged, the same cases cited above apply. At that point in the underlying suit against Hannah, they were mere allegations, and since Witt was not aware of any evidence finding Hannah guilty of fraud, there is no way he could have Aided and Abetted in a Fraud which had not yet been proven.
If the vehicle is owned by a Company, enter a federal ID/EIN number. In the first field, enter the name of the Principal including their mailing address. To complete this step, input which State the vehicle is or will be registered. After the form is notarized the agent will be able to begin acting on their newly acquired powers. This information will be used to certify the owner and verify vehicle information.
The foreclosure process takes a minimum of 21 days from the date of first publication. Buyers and sellers negotiate who is going to pay the closing costs and usually split them equally. He has been in the title business for more than forty years, first as a title searcher, then in private practice after graduating from UConn School of Law in 1980, and later as counsel for title insurance companies, joining CATIC in 2009. He has extensive experience in all aspects of real estate law. The plaintiff filed this complaint in superior court on or about June 2, 2010. Count two alleges that the defendant breached the real estate contract.
Our focus is to work hard for our clients to achieve the best possible results. Zillow, Inc. holds real estate brokerage licenses in multiple states. Zillow , Inc. holds real estate brokerage licenses in multiple provinces.
If the home state taxes finance and service charges, for example, the tax or fee due on these amounts must be shown separately in Item 26b of Form , Retaliatory Worksheet — Insurance . The assessment due is calculated based on an individual insurer’s gross direct written premium in certain lines of business in proportion to the total of all insurers’ gross direct written premium in these same lines. A report is due even if you did not place business with your surplus lines license. If you did not file a tax report for the year noted on the billing, the Comptroller’s Enforcement Division has estimated tax due.
Our Promise to our clients is to provide legal services with the utmost attention to detail and unbeatable care. Your case is our conquest, and we will do everything in our power to make things right. With limited physical treatment, and mostly mental health treatment, we secured a $150,000 recovery for our client after a car crash on the Merritt Parkway Connector in Milford, Connecticut.
The drop in surplus in recent years was in part due to a $4 million dividend that was paid to CATIC’s,parent holding company,CATIC Financial, Inc. to assist in the parent’s previous acquisition of another title insurer in New Jersey. Surplus also was impacted by accounting charges taken in 2011 against CATIC’s deferred tax asset resulting from unfavorable 2011 taxable operating earnings in the parent holding company’s consolidated federal income tax return. The company’s operating performance has been variable, due in part to agency defalcation losses suffered in recent years. However, CATIC has instituted greater safeguards through expanded monitoring systems and has availed greater reinsurance protection against such losses in the future through a recent formation of a captive insurer in Vermont.
The title company refers to these exclusions as “exceptions.” If, during the time you own the home, you run into problems arising from one of these excluded items, you cannot turn to the title company for help. Although title searches are generally taking less time, the fees lawyers collect for title insurance work are going up, not down. The fees are based on the value of the loan, which has been rising along with the price of homes. In 1991, the average price of a home in Massachusetts was about $151,000; today, even after the downswing of recent years, it is more than double that at $319,000. Title insurance premiums, and the agent commissions that accompany them, have risen by more than 40 percent over those years. Since opening its doors in 2001, Reliant Mortgage has written about 1,000 home loans a year and has $1.1 billion in mortgages currently outstanding.
If you want to increase the size of your state guaranty fund security blanket, then you need to work within the limits of your state’s law. In the majority of states, you can increase coverage by doing business with multiple insurers. In most states, the individual coverage limit is doled out on a per-company basis, so if you have two policies with two different companies, then you will get double the coverage. Reinsurance can reduce the risk of losing money when a life insurance company goes bankrupt. The federal government protects consumers in the event that a bank or brokerage fails, but does not protect consumers in the event that a life insurance company declares bankruptcy.
— Insurance News (@bfsi_ib) December 7, 2016
A party served with the written request shall produce the requested documents as they are kept in the usual course of business or organized and labeled to correspond with the categories in the request. It is axiomatic that the concept of “relevance” during the discovery stage of a law suit is broader than when the term is used for purposes of admission of evidence at trial. Thus, discovery presupposes a range of relevance and material which includes, not only what is admissible at trial, but also that which leads to material admissible at trial. Krupp v. Chicago Transit Auth., 8 Ill.2d 37, 132 N.E.2d 532 .
It is important to note that courts will, where appropriate, reject an insured’s request for production when the request is considered overly broad. One of the leading cases on the degree of specificity required in a Motion to Produce is Monier v. Chamberlain, 35 Ill.2d 351, 221 N.E.2d 410 . In Monier, the court rejected any requirement of minute particularization in the production request and held that categorical designations achieve the specificity requirement of Supreme Court Rule 214. The court also indicated that, what would suffice as a reasonable description, would depend upon the circumstances of each case.
Insurer replied in May 2008, and informed homeowners that although its findings were not complete it appeared title rights were not implicated. Submit law video lectures, criminal defense law courses in Connecticut Trumbull, legal ethics tutorials & video guides for beginners related to Attorneys & law firms & insurance & title companies. You can also upload custom video reviews for attorneys and law firms from Trumbull in the State of Connecticut and tell us more about these lawyers. The plaintiff claimed that Fidelity gave false, misleading, inaccurate, and incomplete information about cost of the title insurance by charging him $650, the amount listed on the HUD-1 . A five-year experience period is required for all filings of rates, but a filing from an insurer that has been in existence for less than five years must be supported by experience consistent with the period of its existence. Connecticut Title & Escrow prides itself on offering flat fee closings.
Doing your research on what closing costs you can expect to pay as a seller in Connecticut, as well as frequently consulting with professionals if you need the assistance, can help you know what to expect when closing finally does come. Critics, in the name of consumer protection, argue that the underwriter’s willingness to pay such high commission splits and retain so little is proof that the title insurance industry is over-priced. Since Real Estate Property Taxes are paid in advance you will most likely be reimbursing the seller. Real Estate Property Taxes are paid in January and July so if the annual tax bill for your home is $3,600 that breaks down into 2 payments of $1,800.
Turn in the plates to the DMV, or transfer them to a different vehicle. After deciding on the charity to which you want to donate your vehicle, you’ll need to sign the name of the charity on the reverse side of the title. Make sure to fill in the reverse side along with your signature.
Massachusetts is also one of just eight states that don’t regulate title insurance rates in any way and one of a handful that don’t regulate the agents who represent the insurers. Even as lawyers have solidified their hold on the title insurance business, the amount of work they have to do has declined. The standard is to search back 50 years or longer until a clean title is found. Beacon Hill lawmakers have filed bills the last several years that would regulate title insurance rate-setting and commissions and give the state Division of Insurance oversight of the industry. But those bills have not gone anywhere in a Legislature where nearly 20 percent of the members have outside legal practices, many focused on real estate.