NY Title Agent Crackdown Opens Door For Alternatives

Law360, New York (March 12, 2014, 8:40 PM EDT) -- Increased regulatory scrutiny of New York's title insurance industry has paved the way for reforms addressing issues like pricing and licensing while also encouraging innovation that experts say could cut title agents out of the real estate deal process altogether.

Title insurance is a vital, if behind-the-scenes, element of any residential or commercial real estate transfer because it guarantees clear ownership of the subject property. But the standard way of obtaining it is in question in New York, as the Department of Financial Services investigates alleged...
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