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I Need Mineral Interest Search Training!!! - Lyndsey Mullins/GA
12/30/2009 5:02:06 PM (2762 views)

[+] NATIONAL REAL ESTATE INFO SVS, PA - researcher ./VA (12 replies)
12/30/2009 4:13:11 PM (3583 views)

[+] Full title search--Canadian style - Monica Froese/ME (5 replies)
12/28/2009 8:41:25 PM (3326 views)

[-] CT Abstractors should ban together.... - JACQUELINE POLVERARI/CT (9 replies)
12/27/2009 7:42:33 PM (3659 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
12/28/2009 8:41:29 AM (2956 views)
CT Abstractors - not my battle, but ... - Bobbi Shorthouse, Notary Public/CT
1/8/2010 8:53:14 AM (2744 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/8/2010 10:59:09 AM (2708 views)
Re: CT Abstractors should ban together.... - STEVE MEINECKE/TN
1/9/2010 4:05:38 PM (2747 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/10/2010 12:58:44 PM (2624 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 11:42:25 AM (2665 views)
Re: CT Abstractors should ban together.... - Kevin Ahern/CT
1/11/2010 2:09:21 PM (2660 views)
Re: CT Abstractors should ban together.... - Robert Franco/OH
1/11/2010 2:28:15 PM (2652 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 (2690 views)

[+] Merry Chrismas to all... - Robert Franco/OH (1 reply)
12/24/2009 3:51:07 PM (3114 views)


Real Title Services


[+] Do you think? - Nils Nelson/ME (8 replies)
12/22/2009 10:24:46 PM (3246 views)

[+] Source Documents & Information - J Nisonger/CA (8 replies)
12/18/2009 6:59:37 PM (3727 views)

[+] Kudos to East Metro Title Agency - Celia Franklin/GA (4 replies)
12/17/2009 7:48:45 AM (4028 views)

[+] Interesting quotes - Amy Jensen/OR (16 replies)
12/16/2009 2:36:55 PM (4480 views)

[+] Social Networks - Deborah Manion/VA (5 replies)
12/16/2009 11:43:52 AM (3068 views)

[+] E&O LIABILITY DISCLAIMER FROM A COMPANY! - STEVE MEINECKE/TN (1 reply)
12/15/2009 7:07:11 PM (3691 views)

[+] Richmond Title, TX - Loretta Reed/DE (6 replies)
12/15/2009 10:11:19 AM (3418 views)

[+] Time to liven the board up - Kevin Ahern/CT (94 replies)
12/13/2009 9:21:19 AM (3448 views)

[+] Latest on Indepth Solutions ???? - george Hubka/MI (17 replies)
12/11/2009 7:14:46 PM (4058 views)

[+] Abstractopia information - john rutledge/VA (2 replies)
12/11/2009 7:10:04 PM (8324 views)


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