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[-] CT Abstractors should ban together.... - JACQUELINE POLVERARI/CT (9 replies)
12/27/2009 7:42:33 PM (4194 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
12/28/2009 8:41:29 AM (4536 views)
CT Abstractors - not my battle, but ... - Bobbi Shorthouse, Notary Public/CT
1/8/2010 8:53:14 AM (4262 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/8/2010 10:59:09 AM (4255 views)
Re: CT Abstractors should ban together.... - STEVE MEINECKE/TN
1/9/2010 4:05:38 PM (4236 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/10/2010 12:58:44 PM (4176 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 11:42:25 AM (4206 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/11/2010 2:09:21 PM (4181 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 2:28:15 PM (4204 views)

Yes.  There are a handful of states that require licensing, but as far as I can tell it is not really implemented or enforced very well. Most of those statutes were implemented back when abstractors produced real abstracts of title.  They really need to be overhauled to reflect today's reality of title searching.  And, I believe that it should be integrated with the states' title insurance acts.

I agree with you that "the organizational approach leaves the standards within the hands of the organization controlled by the abstractor."  However, there really is no way to get any significant participation. If you can't get substantially all abstractors to join, there will always be cheap, unqualified competition that will undermine the efforts.  The legislative solution should include a board of abstractors comprised mainly of abstractors who would monitor and oversee the licensing.  So, to some extent, abstractors would still decide on the appropriate standards.

There is also no way for the organizational approach to require clients to use member abstractors.  State licensing laws can, and should, also include changes to the title insurance acts requiring the use of only licensed abstractors for title searches that form the foundation for title insurance policies.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: CT Abstractors should ban together.... - William Anderson/CA
1/13/2010 1:09:51 PM (4260 views)

[+] Merry Chrismas to all... - Robert Franco/OH (1 reply)
12/24/2009 3:51:07 PM (3664 views)

[+] Do you think? - Nils Nelson/ME (8 replies)
12/22/2009 10:24:46 PM (3869 views)

[+] Source Documents & Information - J Nisonger/CA (8 replies)
12/18/2009 6:59:37 PM (4373 views)


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