Press Release: Update on Litigation – NYSLTA vs. The Department of Financial Services

News from the New York State Land Title Association | Press Release We are pleased to advise you that Insurance Regulation 208 has been annulled in its entirety. The decision and order of Judge Rakower can be viewed here. NYSLTA – Decision . The Department of Financial Services has filed a Notice of Appeal and … Continue reading Press Release: Update on Litigation – NYSLTA vs. The Department of Financial Services

TSA Close-Out Requirements

Licensed title insurance agents and agencies who are RESA registered (“TSAs”) have certain responsibilities when ceasing business operations.  These responsibilities include, but are not limited to: notifying the Bureau of Insurance prior to closing, handling escrow funds in a fiduciary manner, and filing a close-out audit with the Bureau.  Sixty days prior to closing shop, … Continue reading TSA Close-Out Requirements

CFPB Ruled Constitutional by US Court of Appeals

The U.S. Court of Appeals for the District of Columbia Circuit on Wednesday January 31st, 2018 ruled that the structure of the Consumer Protection Bureau (CFPB) is constitutional.  The 7-3 by a full panel of judges upheld the single-director structure of the CFPB. The Court of Appeals ruled that the director of the CFPB can … Continue reading CFPB Ruled Constitutional by US Court of Appeals