AfBA's.... let the battle begin..... in Ohio

The Ohio Association of Independent Title Agents filed a lawsuit with the Ohio Supreme Court against Mary Jo Hudson, the director of the Ohio Department of Insurance. The suit claims that the director and her department have failed to enforce currently existing rules prohibiting banks, Realtors and mortgage brokers and their subsidiaries, also known as controlled business arrangements, from engaging in the business of title insurance. The association seeks to prevent the spread of kickbacks and referral schemes in the real estate industry by asking the Ohio Supreme Court to compel Hudson's office to comply with current laws.

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It's nice to see legal action taken against the INSURANCE COMMISSION as another front in the war against these sad arrangements of financial reward for referral business which in many cases does not put the client in the best position.

And a brilliant blog by Robert Franco of Source of Title - well worth reading

http://www.sourceoftitle.com/blog_node.aspx?uniq=397