The recent settlements signal a significant shift in the title insurance industry, where firms will no longer engage in practices enabling kickbacks tied to real estate referrals.
The D.C. Attorney General's actions, based on local regulatory code rather than RESPA, highlight a stricter stance against title insurance firms participating in kickback schemes.
Frustration within the title industry stems from the distinct regulatory approach of the D.C. AG, which lacks the joint venture exclusions seen in RESPA.
This case underscores the potential for enhanced scrutiny and regulatory changes within the title insurance sector, urging firms to reevaluate their business practices.
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