Top Advocacy Issues We are Watching
Title Waiver Pilot
The Biden Administration released a plan aimed at lowering housing costs that includes a pilot to waive the requirement for lender’s title insurance on certain refinances. ALTA called the announcement a political gesture offering a false promise of savings for homeowners while exposing consumers, lenders and taxpayers to greater financial risk.
Learn More About Title Waiver PilotUnregulated Alternatives to Title Insurance
ALTA continues to take the lead in engaging with state regulators, the FHFA, Fannie Mae, Freddie Mac and lenders about the risks of waiving title insurance requirements.
Learn More About Unregulated Alternatives to Title InsuranceFinCEN
Financial Crimes Enforcement Network (FinCEN) requires title companies to collect and report beneficial ownership information on certain real estate transactions.
Learn More About FinCENNon-Title Recorded Agreements for Personal Service
ALTA supports efforts to protect consumers by prohibiting the filing of unfair real estate fee agreements in property records. ALTA advocates for state laws and regulations preventing enforcement of NTRAPS.
Learn More About NTRAPSGood Funds
The use of various payment rails in real estate transactions is governed by state Good Funds laws. These laws set requirements for acceptable forms of closing funds.
Learn More About Good FundsSeller Impersonation Fraud
Sophisticated fraudsters are using the real property owner’s Social Security and driver’s license numbers in the transaction, as well as legitimate notary credentials, which may be applied without the notary’s knowledge.
Learn More About Seller Impersonation FraudAll Advocacy Issues
Advocacy Issues
Anti-Money Laundering/FinCEN
Data Privacy
Digital Closings/Remote Online Notarization
Discriminatory Covenants
Elder Real Estate Fraud
Flood Insurance
Foreign Ownership of Land
Heirs' Property
Native American Lands
Non-Title Recorded Agreements for Personal Service (NTRAPS)
Predictable Recording Fees
Property Tax Foreclosure
Real Time Payments / Good Funds
Redaction/Record Shielding
Serving Consumers and Communities
State Legislation Tracking Map
Title Waiver Pilot
Unregulated Title Insurance Alternatives
Your Voice Matters
TAN is the premier grassroots organization promoting the importance of the land title insurance industry. In the current regulatory environment, our industry faces threats of new policies at both the state and federal levels that could seriously affect your business.
Join TANLatest Advocacy News
Closinglock Unveils Wire Fraud Insurance Coverage
November 26, 2024
Closinglock provides up to $2.5 million in coverage per wire transfer verified through its secure platform. Backed by Lloyds of London, the policy offers direct coverage for Closinglock customers, helping them reduce liability and protect clients with confidence.
9 Red Flags to Identify Deepfakes Targeting Financial Institutions
November 19, 2024
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools.
Bipartisan Congressional Real Estate Caucus Urges FHFA to Halt Title Insurance Waiver Pilot
November 19, 2024
Led by U.S. Rep. Lou Correa (D-Calif), Mark Alford (R-Mo.), Tracey Mann (R-Kan.) and Brittany Pettersen (D-Colo.), 17 members of Congress sent a letter on Nov. 18 to FHFA Director Sandra Thompson that said the pilot will inadvertently cause irreparable damage to homeowners and lenders, and potentially leave them without critical protection against financial loss. The four representatives are co-chairs of the caucus.
Alert: Phishing Email Appears to Come From Ellie Mae Targets Title Industry
October 3, 2024
The fraudulent email has the subject line "You have a new Title & Closing request from the Encompass Title Center."
Florida Court Rules MV Realty’s Contract ‘Unconscionable’ Under State Law
October 1, 2024
In its holding, Florida’s Circuit Court of the 13th Judicial Circuit in Hillsborough County found that MV Realty’s Homeowner Benefit Agreements contract is unconscionable under Florida law and violated the state’s Deceptive and Unfair Trade Practices Act and Telemarketing Sales Rule.
Minnesota Joins List of States Suing MV Realty
October 1, 2024
MV Realty faces similar lawsuits in California, Florida, Georgia, Illinois, Indiana, Massachusetts, New Jersey, North Carolina, Ohio and Pennsylvania.