Section 27-2.6-20. – Violations of the Real Estate Settlement Procedures Act (RESPA).
§ 27-2.6-20. Violations of the Real Estate Settlement Procedures Act (RESPA). The commissioner or attorney general may bring an action in a court of competent jurisdiction to enjoin violations of RESPA, 12 U.S.C. § 2607, as amended. History of Section.P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
Section 27-2.6-21. – Severability.
§ 27-2.6-21. Severability. If any provision of this chapter, or the application of the provision to any person or circumstances shall be held invalid, the remainder of the chapter and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected. History of Section.P.L. […]
Section 27-2.6-11. – Diversification requirement.
§ 27-2.6-11. Diversification requirement. (a) Without the prior written approval of the commissioner, a domestic title insurer shall not accept: (1) Additional business from a title insurance agent that is not an affiliated company with the insurer if, when added to other business written through the title insurance agent during the same calendar year, that […]
Section 27-2.6-12. – Policyholder treatment.
§ 27-2.6-12. Policyholder treatment. (a) When a title insurance report includes an offer to issue an owner’s policy covering the resale of owner-occupied residential property, the report shall be furnished to the purchaser-mortgagor or its representative as soon as reasonably possible prior to closing. If the report cannot be delivered prior to the day of […]
Section 27-2.6-13. – Duties of title insurers utilizing the services of title insurance agents.
§ 27-2.6-13. Duties of title insurers utilizing the services of title insurance agents. (a) The title insurer shall not accept business from a title insurance agent unless there is in force a written contract between the parties that sets forth the responsibilities of each party and, where both parties share responsibility for a particular function, […]
Section 27-2.6-14. – Prohibition of rebate and fee splitting.
§ 27-2.6-14. Prohibition of rebate and fee splitting. A title insurer or other person shall not give or receive, directly or indirectly, any consideration for the referral of title insurance business or escrow or other service provided by a title insurer. This section does not affect a title insurer’s ability to pay consideration to persons […]
Section 27-2.6-15. – Favored agent of title insurer.
§ 27-2.6-15. Favored agent of title insurer. A title insurer shall not participate in any transaction in which it has actual knowledge that a producer or other person requires, directly or indirectly, or through any trustee, director, officer, agent, employee or affiliate, as a condition, agreement or understanding to selling or furnishing any other person […]
Section 27-2.6-16. – Premium rate filings and standards.
§ 27-2.6-16. Premium rate filings and standards. No title insurer may charge any rates regulated by the state after the effective date of this act, except in accordance with the premium rate schedule and manuals filed with and approved by the commissioner in accordance with the provisions of chapter 44 of this title. History of […]
Section 27-2.6-17. – Form filing.
§ 27-2.6-17. Form filing. (a) A title insurer or authorized rate service organization shall not deliver or issue for delivery or permit any of its authorized title insurance agents to deliver in this state, any policy form, in connection with title insurance written, unless it has been filed with and approved by the commissioner. (b) […]
Section 27-2.6-18. – Filing by rating bureaus.
§ 27-2.6-18. Filing by rating bureaus. (a) A title insurer may satisfy its obligation to file premium rates, rating manuals and forms as required by this chapter by becoming a member of, or a subscriber to, a rate service organization, organized and licensed under the provisions of this code, where the organization makes the filing, […]