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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

New York Prohibits Lenders From Steering Borrowers To Title Insurers

September 4, 2001

New York A1872A - Prohibits lenders from requiring that mortgage applicants use the services of a particular title insurance company, title insurance agency or title insurance agent. Effective Date: 8/29/2001

TITLE OF BILL: An act to amend the banking law, in relation to prohibiting mortgage brokers, mortgage bankers and exempt organizations from requiring that mortgage applicants use a particular title insurance company, title insurance agency or title insurance agent

PURPOSE OR GENERAL IDEA OF BILL: This bill would provide the mortgage applicant the right to seek out whatever title insurance agency or abstract company/agent he/she desires. At the present time, there is too often pressure on the part of the bank and applicant to obtain title insurance from an affiliate company. This bill would allow an applicant a choice.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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