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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.

DOD Issues Proposal for Credit to Service Members

April 10, 2007

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DoD Proposal for Credit to Service Members

The Defense Department released proposal to protect service members and their families from potentially abusive lending practices and products. The DOD authority to write rules was part of the John Warner National Defense Act and the rules will go into effect on Oct. 1, 2007. In writing the proposal, DOD said its intent was to limit negative credit practices without impeding the availability of credit that is beneficial to service members and their families. The proposal covers such products as payday loans, vehicle title loans and refund anticipation loans. The plan asks for input in specific areas, for example, DOD would like opinions on whether the final rule should exclude regulated banks, credit unions and saving associations and their subsidiaries from coverage; and whether a duration limit and monetary limit on vehicle title loans would have unintended consequences for other credit products. The department also wants advice on how to encourage lenders to continue to offer responsible, small-dollar loans products for service members. The proposal was issued for a 60-day comment period.

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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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