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