Late last month I posted a message about the new law on the books regarding licensing of abstractors in Kansas. This post is not so much about Kansas as it is about the industry.
I called the insurance commissioner to ask for guidance to become licensed. He immediately and eagerly told me I was in violation of the law, seemingly not hearing of my desire to become so. No abstractors I know, and I know many, were very aware of this coming down the pike. Yes, it is our responsibility but this wasn't very publicized news.
The man (name withheld) went on to say getting licensed is worthless because I would also need to be sponsored by a title company. All to do title searches. He said no title company would do so because they aren't looking for anyone who won't sell title insurance.
Because of the intensity of his words, I calmly asked, "so are you telling me I should fold up my business?
His response "I'm just telling you the facts of the day."
He did say this was in response to "companies in Coroapalis, Pa."
I said it sounded like he was telling me I'm out of business and should just give up my livlihood. At this point he changed, becoming understanding and as helpful as he could be. He then referred me to a gentleman at the Kansas Abstractors, who told me that guy was a beauraucrat. He did say there has always been a law on the books about being licensed but that it's rarely enforced. He then shared that the exam to become licensed is given twice a year and the last time out, only 15 % of abstractors passed it, and it usually takes two-to-three attempts.
My points?
One, I today, lost a 4-year old client, one of my very best over this. She told me this bill came to them quickly, as well and she was amazed at the response she got, thought well of my contributions but had to make the change.
Next, the insurance commissioner's office did not respond to my request with knowledge of how to become licensed, but instead, at least initially, a strong comment that I'm not going to be able to work in the industry and to not even attempt to get licensed because no one will sponsor me. He also mentioned this...he was surprised the bill passed. He said there wasn't much opposition against it. Thought Jay Duncan and NALTEA might like that story.
I truly believe the transparent, ugly, selfish motives of those who were lobbying for this are not Americans, not into what made America what it is. They wish to rule in a way only a weasel would. Not by better service, reasonable pricing and a competitive advantage but with power, to regain the obscene profits they once had.
to post a reply:
login - or -
register