A real-life example of why the New York State Department of Financial Services has stepped-in to oversee the title insurance industry in New York State! The case involving NYS Senate majority leader Dean Skelos and his son Adam alleging pay-to-play in real estate transactions, also serves as an example of why Governor Cuomo last week announced “Anti-inducement” regulations and […]
On April 29th, 2015, Governor Andrew Cuomo of New York issued a press release announcing his plan to impose new regulations on the title insurance industry designed to reduce title insurance premiums as much as 60%! The full text of the Governor’s press release is presented below with links following to articles that provide the […]
An Industry’s Response To The Press Release Issued By New York State Governor Andrew Cuomo! Immediately following the release of New York State Governor Andrew Cuomo’s press release concerning proposed new regulations for the title insurance industry, the two trade associations representing industry participants issued the following statements. From the New York State Land Title […]
