NYSLTA News

Industry News

NEW
ALTA PRINCIPLES OF FAIR CONDUCT (PDF)

ALTA's new consumer Web site helps explain the closing process, the purpose and function of title insurance, and how consumers can become better educated so that they understand the value we provide.
www.homeclosing101.com

United States Government Accountability Office (GAO)
Report to the Ranking Member,
Committee on Financial Services,
House of Representatives

April 2007
TITLE INSURANCE
Actions Needed to
Improve Oversight of
the Title Industry and
Better Protect Consumers

NEW Municipal lists for copy charges / turnaround time for documents in villages, towns and cities in 7 counties. More counties to be added in coming weeks. Thank you to Title Support Services for providing these lists (PDF)

NEW www.alta.org/images/PDF/gaoreport4-17.pdf (PDF)

NEW Forbes Magazine response/Dec. 12, 2006 (PDF)

NEW New York Times Response/Nov. 13, 2006 (PDF)

NEW Transcript of Nov. 3, 2006 Public Hearing on Title Insurance (PDF)

NEW Title Insurance, The Industry Prospective: A Submission to the New York Insurance Department
By the New York State Land Title Association, Inc. (PDF)

NEW State of New York Insurance Department Opinion October 24, 2004

New York State Association of County Clerks Survey (UNDER CONSTRUCTION)

The link to NYS Tax and Finance Web site forms is:
http://www.tax.state.ny.us/forms/
form_number_order_au_ct.htm
Form MT-15 shows mortgage tax rates.

Acknowledgments Take Outside New York, Section 309-b Amended
By Jonathan A. Richards, Esq.
Chair, NYSLTA Legislative Committee

Changes to Emergency Repair Searches
By David J. Carroll
Chair, NYSLTA Municipal Liaison Committee

See New York City Registrar's Office "Most Common Reasons for Rejection" of documents.

Recent National Industry News
Go to the American Land Title Association web site.

Deeds and Mortgages Recorded

Past Deeds and Mortgages Recorded

New York State Insurance Department Opinions

October 27, 2000- Re: Abstract Companies and Title Insurance Business

December 27, 2000- Re: UCC Title Insurance Policy

May 11, 2001- Re: Formation of joint Venture/Title Agent by Real Estate Entity and Title Insurance Corporation

June 22, 2001- Re: Rebate to Lender or its Attorney of Title Premium Paid by Borrower

June 26, 2001- Re: Title Insurers and N.Y. Comp. Codes R. & Regs. tit. 11§ 420.0- 420.24 (Reg.169) (2001)

September 24, 2001- Re: Survey Exception in a New York State Land Title Insurance Policy

October 2, 2001- Re: Conflict Between N.Y. Insurance Law § 2502(a)(2) (McKinney 2000) and the federal Real Estate Settlement Procedures Act of 1974 (RESPA)

October 19, 2001- Re: Title Insurance N.Y. Ins. Law§ 6409 (d) (McKinney 2000)

November 16, 2001- Re: Title Insurance Policy Coverage

December 4, 2001- Re: Title Insurance N.Y. Ins. Law§ 6409 (d) (McKinney 2000)

January 14, 2002- Re: N.Y. Ins. Law§ 6409 (d): Title Insurance Joint Venture

January 31, 2002- Re: Use of Title Insurer Mandated by Lender

March 21, 2002- Re: N.Y. Ins. Law§ 6409 (d): Title Insurance Joint Venture

May 2, 2002- Re: Proposed Title Insurance Arrangement

September 20, 2002- Re: Agents for Title Insurance

November 14, 2002- Re: Formation of Company to Conduct Business in New York as Title Agent.

December 4, 2002- Re: Title Insurance- Prohibited Rebates

October 16, 2003- Re: Sale of Fine Art Title Insurance in New York

November 20, 2003- Re: Title Search Guarantee Premium/ Fee

May 10, 2004- Re: Rate and Form Filing for Title Insurance Guarantees

July 27, 2004- Re: Compensation for Insurance Referrals

August 20, 2004- Re: Title Insurance Agency Licensing

September 24, 2004- Re: Insurance Law Section 2101 Unlicensed Employees of Insurer

January 20, 2005- Re: N.Y. Ins. Law§ 6409 (d): Seller of Real Estate's Requirement that Purchasers Pay a Fee if they use Title Abstract Company/Title Agent of Their Choice

March 2, 2005- Re: Permissibility of Title Agent's Decision to Eliminate Certain Discretionary Fees it Customarily Charged its Applicants for Insurance

March 10, 2005- Re: Permissibility of Joint Venture Title Agent Proposal

April 29, 2005- Re: Agent of a Title Insurance Corporation; Licensing Inquiry

May 12, 2005- Re: Formation of a Title Insurance Company

June 17, 2005- Re: Title Insurance

July 1, 2005- Re: Compensation Paid to Mortgage Lender's Employees for Referring Title Business to Lender's Affiliated Title Insurance Company

October 28, 2005- Re: Permissibility of Proposed Ownership of Title Agency

December 28, 2005- Re: Issuance of Closing Protection Letter by Title Insurance Company

July 10, 2006- Re: Limits on Compensation for Referrals

December 29, 2006- Re: Proposal to Give Financial Incentives to Customers who Obtain Title Insurance from Title Agent or Homeowners Insurance from Affiliate

NYSLTA Publications

The Directory
The Annual Directory offers names, addresses, phone and fax numbers of all Association members. Distribution is early Spring. Check for timely updates and additions at this site. Available to non-members at $40 a copy. (Send written request with payment to NYSLTA, Two Rector St., Ste. 901, NY, NY 10006-1819.)

The Bulletin
Association Newsletter
Crucial issues and legislation impacting the industry; member news and spotlights; convention and seminar information; current court decisions; reports from the President and Executive Vice President; and deeds and mortgage statistics are among the highlights of this quarterly Association newsletter. Next Bulletin newsletter publication date: Spring 2008.

NEW Winter Bulletin 2008 (PDF)
Summer Bulletin 2007 (PDF)
Spring Bulletin 2007 (PDF)
Winter Bulletin 2007 (PDF)
Fall Bulletin 2006 (PDF)
Summer Bulletin 2006 (PDF)
Spring Bulletin 2006 (PDF)
Winter Bulletin 2006 (PDF)
Fall Bulletin 2005 (PDF)
Summer Bulletin 2005 (PDF)
Spring Bulletin 2005 (PDF)
Winter Bulletin 2005 (PDF)
Fall Bulletin 2004 (PDF)

NYSLTA Informational Brochure (PDF)

If you do not have the Acrobat reader, it is available to download for free at Adobe.com.