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SAVE THE DATE! - You don't want to miss this event

OAITA's 5th Annual Convention - August 13, 2012

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What makes an Independent Title Agent Better?


Download the Whitepaper by clicking here

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Polls

Do you think it is a conflict of interest to permit a real estate firm, mortgage company or bank to engage in the business of title insurance?
 
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Recent News

Call to Action! - NAILTA Opposes HR 4323 the Consumer Mortgage Choice Act
04/27/2012

There are serious efforts underway in Washington DC to give controlled business arrangements a "leg up" on your business. The House Financial Services Committee (HFSC) in Washington DC is considering a bill known as HR 4323, the Consumer Mortgage Choice Act (click here) which would exempt affiliated businesses from the definition of "points and fees" under Dodd-Frank's qualified mortgage definition. In this way, the bill aims to incentivize the use of affiliated businesses to the detriment of independent title agents. RESPRO, NAR, NAMB and the rest of the referral source lobby want to pass [ ... ]


Legislative UpdatesOhio’s Trust Code Changes - Effective March 22, 2012
03/07/2012

Generally speaking, a trust is not a legal entity and it may not hold title to real property, with a couple of exceptions for specific types of trusts.  Rather, it is the trustee who holds title  [ ... ]


Legislative UpdatesHelp Stop Referral Sources from Exempting AfBAs Under Dodd-Frank
12/06/2011

The referral source lobby is making a last minute attempt to try to amend Dodd-Frank to exempt “affiliates” or controlled business arrangements from the 3% cap rule under Dodd-Frank.  Legislation [ ... ]


Legislative UpdatesODI Lawsuit Update
03/23/2011

The litigation with the Ohio Department of Insurance remains pending in the Franklin County Court of Common Pleas.  The Magistrate in that action has ruled in favor of permitting OAITA and Eagle Land [ ... ]


OAITA files a motion for summary judgment

“On April 16, 2010, the OAITA filed a motion for summary judgment in their declaratory judgment action pending against the Ohio Department of Insurance.  The matter known as Ohio Association of Independent Title Agents, et al. v. Ohio Department of Insurance, Case No. 09CVH5-6663 is currently pending in Judge Timothy Horton’s court in the Franklin County Court of Common Pleas.  In the motion, the OAITA argues that the Court should declare Ohio Administrative Code (OAC) Rule 3901-7-04 invalid as it conflicts with the following Ohio Revised Code Sections: §3953.21(B), §3953.25, §3953.26, §3901.21(E), §3933.01 and its own Bulletin known as Bulletin 95-3 which was issued in August of 1995 regarding the marketing practices of title insurance agencies in Ohio.  A decision from the Court on the motion for summary judgment will occur sometime prior to the June, 2010 trial date in the above-captioned case.

A summary judgment motion is a procedural device used by litigants to resolve a lawsuit prior to trial when, as a matter of law, there are no genuine issues of material fact left to be determined by the Court.  There will be more updates on this as the case progresses.  Stay tuned.”

A copy of the complaint is available on the blog.

 

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OAITA Supported By

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