American Land Title Association

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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.

1999 State Legislative Report - Minnesota


Forms/Rates/Regulation/TOP/Commission Splits
Department of Revenue bill HF 380 would have defined "gross premiums" for the first time. It would have departed from current law to require that all consideration received by insurers and agents must be included. The authors pulled the article after the industry alerted them and the Department that the bill represented major tax issues and changes. MLTA is working with the Department to define gross premium so as to reflect current law.

Chapter 177, the Department of Commerce’s Omnibus bill and Act, now allows the Department to require quarterly and annual statements to be filed with it and the NAIC on a disc or other electronic form. (Section 12). Other changes regarding insurance and solvency issues.

Notwithstanding changes to licensee education requirements, the Department considers its earlier Order exempting title insurance licensees to be in full force and effect. Effective 8/1/99.

Chapter 105 amends UCC Article 9 security interests in agricultural crops to clarify that the filing places are the County Recorder’s office in the county where the debtor resides and/or the Secretary of State’s office and specifies legal descriptions are not required. Chapter 170 (new) prohibits recording of "Nonconsensual Common Law Liens", defined as those (1) not provided for by a specific state or federal statute; (2) not consented to by the property owner; and (3) are not imposed by a federal or state court. There is no duty to accept them for recording or liability for accepting or rejecting them for recording. Criminal penalties may be imposed for submitting or filing groundless, forged or false liens. (Minn. Stat. 514.99). Effective 8/1/99. VI. TAXES
Transfer Taxes
Chapter 31 contains numerous changes to the deed and mortgage registry taxes stautes, particularly for "multistate mortgages", or mortgages that are secured only in part by real property, and amended or supplemental mortgages. Deeds are taxed based on the "net consideration" paid, as defined. (See Minn. Stat. Chapter 287). Effective for documents executed, recorded, or registered after June 30,1999.

Chapter 184 amends Minn. Stat. 300.045, regarding blanket utility easements and their confinement, to clarify that confinement and release requirements apply to all such easements, whenever created, in reaction to a state Supreme Court holding limiting the retroactivity of the section as originally enacted.

State Bar Association Real Property Section bill.
Chapter 11 includes numerous changes to real estate laws, including: Eliminates the need for and surrender of existing "owners’ duplicate certificates of title" as a condition to transferring registered ("Torrens") property. Effective 1/1/2000. Numerous technical changes to the Common Interest Ownership Act. Effective 8/1/99. X. RECORDING
Recording Fees
County Recorders are authorized to require a reasonable minimum deposit by "depositors" based on anticipated monthly charges for recording fees, etc.

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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
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