Jeanne Johnson from the National Association of Land Title Examiners and Abstractors (NALTEA) will be giving a presentation at the Louisiana Land Title Association (LLTA) Conference in New Orleans on December 5th, telling the LLTA about NALTEA and its National Certified Abstractor (NCA) designation and education program. [...]
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Lenders needing to comply with the Fair and Accurate Credit Transactions Act (FACT Act) have been given a six-month reprieve, until May 1, 2009. What does that mean to title companies and closers? While lenders are directly responsible for compliance with the FACT Act, title companies are also affected, because the FTC requires that lenders use [...] “The mission and of the United States Secret Service is to safeguard the nation’s financial infrastructure and payment systems to preserve the integrity of the economy, … ” And that statement is being put to use in another instance where a Title Company appears to have absconded with funds from the public. [...] ..demonstrates the ongoing battle between city, county and private sectors, all with the very best interests of the public, but each looking at issues from only their respective viewpoint. The same battle has been forged elsewhere, and undoubtedly will be again, but looking at the BIG picture, the documents must [...] I just moved my retirement funds into an insured account. I started thinking about it because part of the financial package announced by the FDIC to bolster confidence in the banking industry increased FDIC coverage on some qualifying accounts from $100,000 to $250,000. How does that work for Trust Accounts? The increased insurance is certainly not sufficient funds to cover trust accounts for title insurance companies, title agents and real estate companies routinely handle tens of millions of dollars each month. [...] …the annual percentage rate (APR) is not shown. I know many think that is a huge problem, but I disagree. It is a very difficult task to explain to people in any sort of terms that are relevant to [...] |
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