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.

Sen. Chuck Grassley Introduces Bankruptcy Reform Bill

February 3, 2005

   Related Information
Sen. Grasseley Press Release

"Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" (S.256)

Sen. Chuck Grassley (R-Iowa) introduced legislation to overhaul the nation’s bankruptcy code on Tuesday to end abusive and frivolous bankruptcy filings.

Grassley said his bill would require people who can repay their debts to do so through a repayment plan under Chapter 13 of the bankruptcy code. The legislation has a safe harbor for the poor, and would allow people who earn less than the median income in their state to file under Chapter 7 where debts are cancelled.

Other provisions of the bill include:

  • requiring credit card companies to disclose the dangers of making only minimum payments and prohibiting deceptive advertising of low introductory rates;
  • strengthening enforcement and penalties against abusive creditors for predatory debt collection practices;
    requiring credit card companies to establish a toll-free number for consumers to get information on how long it will take to pay off their balance; and,
  • establishing new education and counseling programs on financial management.

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