Tag Archives: title insurance

CFPB Orders Meridian Title to Pay up to Pay up to $1.25 million & Disclose its Interests in Future Transactions

CFPB Takes Action Against Settlement Services Provider for Steering Consumers to Affiliated Business By Jeff Sorg, OnlineEd Blog (October 2, 2017) The Consumer Financial Protection Bureau (CFPB) took action against real estate settlement services provider Meridian Title Corporation for steering consumers to a title insurer owned in part by several of its executives without making disclosures […]

Oregon Homebuyer Protection Act – Protection From Construction Liens

The Homebuyer Protection Act protects residential property buyers against construction liens By Jeff Sorg, OnlineEd Blog (October 29, 2015) – Oregon’s Homebuyer Protection Act, or HPA, applies to a new single family residence or a single family residence where the sales price is $50,000 or more for original construction or the contract price is $50,000 or more […]

Title Insurance Agency to Pay $200,000 for RESPA Vioaltion

 (Jeff Sorg, OnlineEd) – “Today’s action sends a clear and simple message, that quid pro quo agreements for real estate referrals are illegal,” said CFPB Director Richard Cordray. The Consumer Financial Protection Bureau (CFPB) has ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000 for illegal quid pro quo referral agreements. According to the order, Lighthouse Title […]