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[+] Title Stream bankruptcy - Richard Schwartz/MO (6 replies)
1/3/2010 12:58:27 AM (4756 views)

[+] FSE Companies - Richard Schwartz/MO (9 replies)
1/3/2010 12:52:29 AM (4204 views)

I Need Mineral Interest Search Training!!! - Lyndsey Mullins/GA
12/30/2009 5:02:06 PM (3191 views)

[+] NATIONAL REAL ESTATE INFO SVS, PA - researcher ./VA (12 replies)
12/30/2009 4:13:11 PM (4226 views)

[+] Full title search--Canadian style - Monica Froese/ME (5 replies)
12/28/2009 8:41:25 PM (3919 views)




[-] CT Abstractors should ban together.... - JACQUELINE POLVERARI/CT (9 replies)
12/27/2009 7:42:33 PM (4244 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
12/28/2009 8:41:29 AM (4683 views)
CT Abstractors - not my battle, but ... - Bobbi Shorthouse, Notary Public/CT
1/8/2010 8:53:14 AM (4447 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/8/2010 10:59:09 AM (4401 views)
Re: CT Abstractors should ban together.... - STEVE MEINECKE/TN
1/9/2010 4:05:38 PM (4394 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/10/2010 12:58:44 PM (4317 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 11:42:25 AM (4367 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/11/2010 2:09:21 PM (4326 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 2:28:15 PM (4372 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 (4410 views)

[+] Merry Chrismas to all... - Robert Franco/OH (1 reply)
12/24/2009 3:51:07 PM (3746 views)

[+] Do you think? - Nils Nelson/ME (8 replies)
12/22/2009 10:24:46 PM (3974 views)

[+] Source Documents & Information - J Nisonger/CA (8 replies)
12/18/2009 6:59:37 PM (4470 views)

[+] Kudos to East Metro Title Agency - Celia Franklin/GA (4 replies)
12/17/2009 7:48:45 AM (4944 views)

[+] Interesting quotes - Amy Jensen/OR (16 replies)
12/16/2009 2:36:55 PM (5130 views)

[+] Social Networks - Deborah Manion/VA (5 replies)
12/16/2009 11:43:52 AM (3621 views)

[+] E&O LIABILITY DISCLAIMER FROM A COMPANY! - STEVE MEINECKE/TN (1 reply)
12/15/2009 7:07:11 PM (4225 views)

[+] Richmond Title, TX - Loretta Reed/DE (6 replies)
12/15/2009 10:11:19 AM (3975 views)

[+] Time to liven the board up - Kevin Ahern/CT (94 replies)
12/13/2009 9:21:19 AM (4045 views)


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