Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 04/11/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Turkish candy company ‘owns’ several iconic NYC buildings
New York Post - Through a decade-old clerical error, a little-known Turkish candy company is the unwitting “owner” of several of the Big Apple’s most prominent buildings — including 30 Rock and Grand Central Terminal.

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I wonder how this transaction really went down?
The Washington Post - Q: We purchased a house and have been going through a lawyer to get our deed from the previous owner. In the meantime, we’ve been living in the house for well over a year as well as paying the property taxes.

Strike Two for CFPB in Borders Case
JD Supra - A federal district court in Kentucky recently handed the CFPB its second defeat in the agency’s lawsuit against Borders & Borders PLC and the law firm’s principals by denying the CFPB’s motion for reconsideration.

Legal News
Lenders sue title company over alleged fraud
The Legal Description - After agreeing to five loans for the purchase of 40 acres of land in Arizona, the borrowers defaulted. The lenders then sued their title company, among others, alleging that its representative had breached her fiduciary duty by helping the purchasers facilitate a conspiracy to defraud the lenders through illegal or invalid escrow transactions.

Real estate Q&A: House encroaches on utility easement — is this a problem?
Post Bulletin - Q: My house was built 2 feet into the utility easements. There is a utility pole with electric transmission wires 3 feet from the back of my house. If the pole should need to be replaced, would the utility company be able to place it in the same spot? — William

Florida Supreme Court rejects Escambia County's request to consider beach tax case
Pensacola News Journal - Florida's highest court has declined to consider a lower court's ruling involving lease fees paid to Escambia County by Pensacola Beach condominium owners. 

Tech / Social Media
A Closer Look at the NAIC Insurance Data Security Model Law
JD Supra - Following New York’s lead after the Department of Financial Services (the NYDFS) promulgated its Cybersecurity Regulation,1 in October 2017 the NAIC adopted its Insurance Data Security Model Law (the NAIC Model)2 to establish standards for data security, and for the investigation and notification of certain cybersecurity events.

MBA, ALTA Partner on Model Online Notarization Legislation
MBA - Last month, Indiana Gov. Eric Holcomb (R) signed into law SB 372, permitting remote online notarizations in the Hoosier State.

Title Agency & People in the News
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In Other News
9 Uniquely Annoying Spite Houses
Mother Nature Network - Although some are beautiful and historic, these ire-raising works of architecture were built to make a lasting (bad) impression.

How Overdue Parking Tickets Took Over an Innocent Person’s Life
Now I Know That's Half the Battle - In 2008, a Chicago-area man named Brandon Preveau bought a 1999 Chevy Monte Carlo — like the one pictured above — for about $600 to $800. That was a fair price for the car, and it seemed that Preveau’s purchase was on the up-and-up ...

Terrible Real Estate Agent Photographs - Side by side toilets? You just have to check this out to believe it.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group