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Real Property Law
Title Insurance Inducements
New York State Land Title Assoc. v. New York State Department of Financial Services 2019 WL 191766, 1/15/19 AppDiv, First Dept. (Opinion by Singh, J.)
In a challenge to title insurance regulations implemented by the Department of Financial Services (DFS), DFS appealed from Supreme Court's grant of the petition. The Appellate Division affirmed in part and modified in part, sustaining the regulations on inducements provided by title insurers but holding that a ban on collection of fees by in-house closers was arbitrary and that a cap on fees for ancillary services was also arbitrary.
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