New Yorkers for Money Saving Reform of Title Insurance

Please REFORM the NY Title Insurance Industry by implementing THE PRACTICAL TITLE REFORM PLAN. Its structure will help to eliminate corruption because it is profitable, yet ethical, legal, and ENFORCEABLE. It carries a potential savings for New Yorkers of almost $60,000,000* this next year alone and provides solutions that are win-win for the 5 groups in the title industry: Consumers, Regulators, Attorneys, Title Insurance Companies & Agents! Any Insurance Department regulation modifications should include, if not fully utilize, THE PRACTICAL TITLE REFORM PLAN for this necessary reform.
*NYS ASSOCIATION OF REALTORS



THE PRACTICAL TITLE REFORM PLAN promotes:

EASY-TO-UNDERSTAND, Transparent Disclosures of Costs to Consumers - thereby curtailing superfluous fees and un-welcome at-the-closing-table surprises for consumers!

LOWER COSTS FOR REAL ESTATE BUYERS & SELLERS through ethical & efficient operations for Title Underwriters & Agents, THE PRACTICAL TITLE REFORM PLAN saves an average of $700 per closing! With over 84,000 closings per year* on just single family homes, THE PRACTICAL TITLE REFORM PLAN would save consumers $58,800,000 in just the first year alone!

QUALITY, COMPETITIVE LEGAL REPRESENTATION - THE PRACTICAL TITLE REFORM PLAN eliminates collusion between unscrupulous attorneys & title agents, allowing ethical attorneys to legally profit in the title industry, while maintaining the fiduciary responsibility to, and lowering costs for, their clients. It helps to sustain many pinched real estate practices and encourages clean competition, so consumers benefit!

AN ATMOSPHERE THAT FOSTERS ETHICAL Title Insurance Practices to Benefit All Concerned - THE PRACTICAL TITLE REFORM PLAN is compliant with NYS Insurance Law, specifically Section 6409(d), Attorney Professional Code of Responsibility & Disciplinary Rules & RESPA, per the Experts in those fields.

A PROFITABLE AND WORKABLE BUSINESS OPERATION Title Junction Business Model of Excellence Agencies in NY Incorporate this Reform, and are Already Operating Profitably and Ethically!

THIS PLAN IS A WIN-WIN for ALL CONCERNED:
Consumers, Regulators, Attorneys, Title Insurance Companies & Agents!