Summer Briefs As we survive this incessant Louisiana heat and those almost daily showers that make it feel even hotter, I have to appreciate the fact that our careers primarily keep us in the cool environments of our offices. In thinking about preparing this blog, I searched for topics that would be of interest to fellow independent title attorneys….
Arguably the most sweeping change to our industry in the last century came in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which gave rise to the Consumer Finance Protection Bureau (the “CFPB”). The tens of thousands of pages of regulations promulgated by the CFPB have made compliance the focus of the consumer lending and…
NY, OH and MN Make RESPA Enforcement Announcements: Is This a Trend to Watch? In the past several weeks, three states with little in common have reported on RESPA-related enforcement activities ranging from prior fines and punishment to admonishing licensees about rules on inducements. To keep you informed, we take these in order to provide you the…
AND THIS FRAUD JUST ALMOST HAPPENED…. On a phone call last week, our office set a closing date and time, as well as, having a discussion about the customer wiring money the morning of the closing. The customer called our office around 9:15AM on 3/15/17 and wanted to know why our closing coordinator sent him a request to have…
PRIVATE WORKS ACT This month’s article is presented by: Randy Olson, Attorney at Law 1819 W. Pinhook Road, Suite 114 Lafayette, LA 70508 The Private Works Act (the “Act”) is an important piece of legislation for title attorneys to know and understand. Codified in Louisiana Revised Statute § 9:4801, et seq., the Act provides contractors, subcontractors, and material providers of “private works” the…
It did not take long for NAILTA to hit the ground running in 2017! Members of NAILTA were in Washington D.C., this week to meet with policymakers at the Consumer Financial Protection Bureau (CFPB) and to discuss the impact of HR 517, the Ensure Fair Prices in Title Insurance Act, that was reintroduced on January 13, 2017 by Representative…
Press Release Last week Rep. Keith Ellison (D-MN) reintroduced the Ensure Fair Prices in Title Insurance Act (H.R. 517), which would ensure homebuyers are not overcharged when purchasing title insurance. “Working Americans shouldn’t get cheated out of hard-earned dollars when they invest in a home for their family.” Rep. Ellison said. “When sellers or real estate agents refer…
This month’s article is presented by: Mitch Landry, Attorney at Law LAILTA INCOMING PRESIDENT’S MESSAGE At this time of year, I typically comment that I cannot believe we are at the end of yet another year. I doubt that I am alone in that. But, here we are, closing out 2016! To quote the great Mickey Mantle, “If I…
This month’s article is presented by: Randy Olson, Attorney at Law 1819 W. Pinhook Road, Suite 114 Lafayette, LA 70508′ PRIVATE WORKS ACT The Private Works Act (the “Act”) is an important piece of legislation for title attorneys to know and understand. Codified in Louisiana Revised Statute § 9:4801, et seq., the Act provides contractors, subcontractors, and material providers…
This Month’s article is presented by: Chad Reynolds, Attorney at Law Shouldn’t Every Seller purchase an Owner’s Title Policy for their Buyer? As title examiners we have all probably run across title defects similar to the following situation: During their marriage, Bob and Sue Jones acquire several tracts of immovable property. Their four children, Angie, Billy, Celeste, and David,…
