Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[-] Couldn't believe my ears...do you? - Michael /KS (20 replies)
9/14/2006 12:06:50 AM (3139 views)
Re: Couldn't believe my ears...do you? - Kevin Ahern/CT
9/14/2006 8:03:44 AM (4282 views)
Re: Couldn't believe my ears...do you? - Jan Forster/NC
9/14/2006 9:59:00 AM (4294 views)
Re: Couldn't believe my ears...do you? - Kevin Ahern/CT
9/14/2006 11:36:54 AM (4179 views)
Re: Couldn't believe my ears...do you? - Jan Forster/NC
9/14/2006 11:55:01 AM (4078 views)
Re: Couldn't believe my ears...do you? - Kevin Ahern/CT
9/14/2006 12:09:29 PM (4109 views)
Re: Couldn't believe my ears...do you? - Saundra  Scott/MD
9/18/2006 10:24:05 AM (4365 views)
Re: Couldn't believe my ears...do you? - Robert Franco/OH
9/14/2006 10:47:04 AM (4061 views)
Re: Couldn't believe my ears...do you? - Jay Duncan/MO
9/14/2006 1:21:24 PM (4171 views)
Re: Couldn't believe my ears...do you? - Robert Franco/OH
9/14/2006 1:48:21 PM (4120 views)
Re: Couldn't believe my ears...do you? - Deborah Manion/VA
9/14/2006 5:07:34 PM (3956 views)
Re: Couldn't believe my ears...do you? - Jay Duncan/MO
9/14/2006 5:47:51 PM (4125 views)

In Kansas abstractors have had to be licensed for several years, but there was little or no enforcement and very little information put out that the requirement was there.
This past July Kansas beefed up the law and are looking for more enforcement of the law.  Below is a copy of the bill.

HOUSE BILL No. 2659

AN ACT concerning insurance; relating to examinations of title; amending

K.S.A. 40-235 and repealing the existing section.

Be it enacted by the Legislature of the State of Kansas:

Section 1. K.S.A. 40-235 is hereby amended to read as follows: 40-

235. (a) No insurance company or fraternal benefit society doing business

in this state, and no officer, director, solicitor or other agent thereof, shall

make, issue or circulate, or cause to be issued or circulated, any estimate,

illustration, circular or statement of any sort misrepresenting the terms

of any policy issued or to be issued by it or the benefits or advantages

promised thereby, or the dividends or share of the surplus to be received

thereon, or shall use any name or title of any policy or class of policies

misrepresenting the true nature thereof. No officer, director, solicitor or

agent of any insurance company shall make any misrepresentation to any

person insured in any company for the purpose of inducing or tending to

induce a policyholder in any company to lapse, forfeit or surrender such

policyholder’s insurance.

(b) No preliminary or final policy or contract of insurance of the class

authorized to be transacted in this state pursuant to paragraph (e) of

K.S.A. 40-1102, and amendments thereto, and as further defined in sub-

section (g) of K.S.A. 40-1136, and amendments thereto, may be written

unless and until the insurance company or its agent has caused to be

conducted a reasonable search and examination of the title to the property

involved and has caused to be made a determination of insurability of

title and the risk in accordance with sound underwriting practices.

(1) For owner’s policies of title insurance and loan policies of title

insurance insuring purchase money mortgages, such search and exami-

nation shall be conducted by a title insurance agent or an employee of a

title insurance company licensed to do business in this state or an ab-

stracter licensed to do business in this state. The search and examination

shall be based upon a search of all applicable records of the county, state

and federal offices in which the real estate is located, as may pertain to

the marketability of title for a minimum period of 25 years, or from the

date of the previously issued title insurance policy, whichever period is

less.

(2) For the purposes of this provision, ‘‘sound underwriting practices’’

shall be defined as underwriting practices promulgated by the under-

writer which has an agency agreement with the licensed title insurance

company or which comply with the seventh edition of the title standards

promulgated by the Kansas bar association as copyrighted in 2005.

Sec. 2. K.S.A. 40-235 is hereby repealed.

Sec. 3. This act shall take effect and be in force from and after its

publication in the statute book.

I hereby certify that the above BILL originated in the

HOUSE, and passed that body

Speaker of the House.

Chief Clerk of the House.

Passed the SENATE

President of the Senate.

Secretary of the Senate.

APPROVED

Governor.

The companies that are licensed to write policies are now requiring their independent abstractors to be licensed, unfortunately the most recent offering to take the abstractor test was this past week or so and another test is not offered until next March.  Also there is a debate about having to be sponsored or employeed by a licensed title company to take the test and become a licensed abstractor in the state of Kansas.  Also the Kansas Department of Insurance has not been all that helpful to those seeking information about becoming licensed, but I have not heard on how help the Kansas Land Title Association might be.
Jay

to post a reply: login - or - register


Re: Couldn't believe my ears...do you? - John Povejsil/MN
9/15/2006 7:24:39 AM (4155 views)
Re: Couldn't believe my ears...do you? - David Bloys/TX
9/15/2006 9:03:57 AM (4085 views)
Re: Couldn't believe my ears...do you? - Sandra Morton/KS
9/18/2006 10:14:10 AM (4171 views)
Re: Couldn't believe my ears...do you? - John Povejsil/MN
9/15/2006 7:13:45 AM (4162 views)
Re: Couldn't believe my ears...do you? - Wanda Steudel/OH
9/18/2006 2:02:17 PM (5892 views)
Re: Couldn't believe my ears...do you? - Kevin Ahern/CT
9/18/2006 3:42:57 PM (4059 views)
Re: Couldn't believe my ears...do you? - Robert Franco/OH
9/18/2006 6:16:02 PM (4140 views)
Re: Couldn't believe my ears...do you? - Jay Duncan/MO
9/18/2006 6:21:17 PM (4006 views)
More Kansas Abstractor License Info - Jay Duncan/MO
9/18/2006 1:41:22 PM (6926 views)

[+] Anyone ever do work for? - terry sutton/CT (3 replies)
9/12/2006 11:36:20 PM (2922 views)

[+] It's almost time.... - Loretta Reed/MD (7 replies)
9/12/2006 11:26:28 PM (2867 views)

[+] Outsourcing - tj/DE (15 replies)
9/12/2006 9:34:46 AM (4204 views)

[+] Hot and Cold Lists - Smitty Strickland/SC (2 replies)
9/12/2006 8:13:32 AM (2858 views)




[+] Think Your County Is Rough? - David Bloys/TX (1 reply)
9/12/2006 12:04:26 AM (3781 views)

[+] companies that don't pay - donna little/CT (1 reply)
9/11/2006 4:15:20 PM (2946 views)

BACKGROUND SEARCH - LAWANDA  MCMILLIAN/AR
9/11/2006 4:14:53 PM (2264 views)

[+] Don't Ever Forget! - Kurt deVries/FL (6 replies)
9/11/2006 11:25:08 AM (2915 views)

[+] Title Camp in the Carolinas... - Robert Franco/OH (22 replies)
9/7/2006 1:54:59 PM (2847 views)

[+] SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN (23 replies)
9/6/2006 6:40:54 PM (3063 views)

[+] Title Services USA (NY) - Research Specialists/TX (3 replies)
9/6/2006 1:59:03 PM (3066 views)

[+] non payment - Laura McGuire/RI (8 replies)
9/5/2006 4:08:52 PM (3134 views)

[+] AFX Corp. Inc. - Jacqueline Costa/RI (4 replies)
9/5/2006 1:17:59 PM (3257 views)

[+] E & O insurance in GA - Leroy Lewis/GA (2 replies)
9/5/2006 11:46:28 AM (3037 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8975 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

New Home Sales Edge Higher as Affordability Challenges Persist
“New home sales are gaining some momentum at the more affordable range of the market, with homes priced below $300...
Title Insurance Protects More Than a Transaction. It Protects Property Rights
“Consumers shouldn't have to choose between affordability and protection. The strongest housing market is one that...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates reached another high point last week, with the 30-year conforming rate now at 6.69 percent, its hi...
MBA Announces CONVERGENCE® Baltimore
The Mortgage Bankers Association (MBA), in partnership with the CONVERGENCE Collaborative today announced the launch of ...
Multifamily Gains Lift Overall Starts Despite Single-Family Decline
Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.