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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.

Predatory Lenders Beware

July 2, 2002

Law Designed To Protect California Home Buyers From Unscrupulous Lenders Now In Effect

Inman News Features

A California state law designed to protect home buyers from predatory lenders is effective beginning today.

The legislation, AB 489, was signed by Gov. Gray Davis last fall and aims to ban lenders who ignore the financial ability of a borrower to repay a loan, hide the cost of credit insurance into the loan, encourage a consumer to default on an existing loan in order to refinance and who fail to make all required disclosures about the loan, according to the California Association of Mortgage Brokers.

CAMB is a non-profit organization that represents nearly 2,000 industry associates throughout California and provides ongoing education to industry members, maintains industry standards and supports efforts to increase consumer understanding of mortgage broker services.

Copyright: Inman News Service

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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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