Continuing with the drumbeat of states (i.e. Ohio, Pennsylvania, Texas, and New Mexico) that are currently reviewing or have reviewed the practices of the title insurance industry, we now learn that Maryland is holding a public hearing on Thursday, June 25, 2009 in Annapolis, MD through its Commission to Study the Title Insurance Industry in Maryland.
Despite its God-awful moniker — don’t accuse title insurance regulators of being creative with commission names –members of the public are invited to testify before the Commission on issues or concerns relating to title insurance, title agents, the manner in which real estate settlement practices are conducted, the handling of real estate escrow accounts and any difficulties that a person may have experienced with the title insurance industry.
The Commission was established last year to study the title insurance industry to determine if there are changes needed in the regulatory structure.
Where do we begin?
Anyway, the Commission’s final report is due this year.
Here is the website for more information.