Legislative Update – House Passes HR 1728

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NEWSFLASH –

By a vote of 300-144, the US House of Representatives passed the Mortgage
Reform and Anti-Predatory Lending Act, including an amendment that would
delay implementation of the new RESPA rule. Is the new RESPA regulation
DOA? Don’t count it out just yet. The senate still must introduce and pass
similar legislation. We’ve got our ear to the ground and will keep you up
to date and informed. Here’s a look at the results of the vote
.

Thursday, May 7, 2009 – 5:23pm

NEWSFLASH – Legislative Update – House Passes HR 1728

Continuing Education for Title Agents

Free classifieds for the
Title Industry

btn_viewmy_160x33

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NEWSFLASH –

By a vote of =
300-144,
the US House of Representatives passed the Mortgage Reform and =
Anti-Predatory
Lending Act, including an amendment that would delay implementation =
of the
new RESPA rule.  Is the new RESPA regulation DOA?  Don’t count =
it out
just yet.  The senate still must introduce and pass similar
legislation.  We’ve got our ear to the ground and will keep you up =
to date
and informed.  Here’s a look at the results of the =
vote
.

Thursday, May 7, 2009 – 5:23pm

NEWSFLASH – Legislative Update – House Passes HR =
1728

 

 

Continuing Education for Title Agents

Free classifieds for the Title =
Industry

 

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Pennsylvania Insurance Department to Hold May 28 Public Hearing on Title Insurance

SOURCE Pennsylvania Department of Insurance

HARRISBURG, Pa., May 7 /PRNewswire-USNewswire/ — Insurance Commissioner Joel Ario today announced that the Insurance Department will hold a public informational hearing on title insurance at 10 a.m. on Thursday, May 28, in Hearing Room 4 of the Keystone Building, 400 North Street, in Harrisburg.

Topics discussed at the hearing will range from the basic structure of the product, the pricing of the product and the relationships between the title insurance companies and those who sell the product. Consumers and those from the title industry who are interested in testifying are encouraged to attend.

The department is charged with overseeing the title insurance business in Pennsylvania, including rates and policy forms, licensing of companies and title agents and market practices relating to title coverage. At the present time, an overall rate level increase of 4.1 percent is pending on behalf of the Title Insurance Rating Bureau of Pennsylvania.

Information about the upcoming hearing and related materials are available for review on the department’s Web site. Interested parties should visit www.insurance.state.pa.us, go to “Topical Information” on the right side of the site and click on “Title Insurance Hearing.”

EDITOR’S NOTE: The following information outlines the specifics about the public informational hearing:

The hearing will be held at 10 a.m. on Thursday, May 28, in Hearing Room 4 of the Keystone Building, 400 North Street, Harrisburg. Individuals wishing to testify may contact the department’s Office of Insurance Consumer Liaison and Market Analysis, 1326 Strawberry Square, Harrisburg, PA 17120, (717) 525-5884, or ra-in-consumerliaison@state.pa.us.

If hearing impaired, please call the department’s TTY/TDD telephone number (717) 783-3898. The deadline for written comments is June 4, 2009. Also, individuals may appear at the hearing without advance notice. They will be permitted to testify after all individuals scheduled in-advance has testified. Oral testimony will be limited to a 10-minute presentation. The department requests that individuals provide a written copy of their testimony the day of the hearing. Written testimony can be of any length.

CONTACT: Rosanne Placey or Melissa Fox
717-787-3289

SOURCE Pennsylvania Department of Insurance