February 21, 2018 / 9:42 PM / 10 months ago

N.Y. title insurance group asks court to void new state regulations

A trade group for the New York state title insurance industry has asked a state court to vacate sweeping new regulations passed last year, saying the rules are arbitrary and will cause many title insurance businesses to close.

Filed on Tuesday in a Manhattan state court, the petition said the regulations bar industry marketing practices that are permitted by state law and effectively mandate a retroactive penalty for marketing conduct being prohibited for the first time.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2EJ0sQr

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