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New York Finalizes Regulations to Crack Down on Title Insurance Industry

October 18, 2017

The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry.

These regulations, which are the culmination of efforts by DFS to reform the title insurance industry, began after a DFS investigation that revealed that title insurance companies and agents have spent millions of dollars on inducements that the industry has charged back to consumers as marketing costs.

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