DFS: Repeals and Replaces Interpretation
As you can imagine, this week has been very busy for FLTA. Following the initial posting of the interpretation of 3rd party fees we have hosted numerous meetings and conversations addressing our members' concerns. As a result, DFS has repealed their initial statement titled "Third Party Fees" and replaced it with an entirely different clarification titled "Title Insurance Agency Fees".
February 6: Initial "3rd Party Fees" statement posted
February 13: Posting removed
February 14: New "Title Insurance Agency Fees" statement posted
We applaud DFS's swift action and attention to this matter, and look forward to continued dialogue of working together.
Be sure to read and understand the new bulletin through these links:
Compliance Information: Title Agents
Compliance Information: Title Agencies
(Click "Title Insurance Agency Fees")