American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

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.

ALTA®-Radian Lawsuit Remanded to State Court

April 23, 2002

Washington, DC -- On April 19, 2002, the U.S. District Court for the Central District of California granted the motion by the American Land Title Association (ALTA) that its lawsuit against Radian Guaranty and its subsidiaries be remanded to California state court. ALTA originally brought the action in state court in California seeking to enjoin Radian from issuing its Radian Lien Protection (RLP) product in California and for damages and other relief. It is the contention of ALTA that the RLP product is title insurance and violates California law, which requires anyone issuing title insurance to be expressly and uniquely licensed as a title insurer. More than 30 other states have similar restrictions. Radian is not so licensed.

"Radian had removed the case to federal court and they were asking that court to retain jurisdiction which the court has now refused to do," said James R. Maher, Executive Vice President of ALTA. "It is most appropriate that the California courts be the arbiters of the proper meaning of California statutes," said Maher.

SOURCE: American Land Title Association®

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment