Wining-and-dining ban on title insurance industry reinstated by Appellate court–The Real Deal

By Eddie Small |

The decision concluded that Rakower “erred in annulling the remainder” of the DFS regulations, but it voided two of the rules: the 200 percent cap on out-of-pocket costs for “certain ancillary searches” that insurance companies conduct and the restrictions on payments to closers. Closers rely on gratuities for most of their income.

Appeals Court Reinstates New Regs on Title Insurance Industry | New York Law Journal

By Andrew Denney