Industry NewsMortgage

Title industry steps up lobbying

ALTA will license policy forms to generate revenue

Editor's note: This month, Inman News is inviting our readers to participate in an essay competition focusing on transparency for the real estate settlement services industry. The winner will receive a free pass to the Real Estate Connect conference in New York City. Click here for details. As it steps up its lobbying efforts, the American Land Title Association has decided charge an annual licensing fee of $195  license to non-members who use the trade association's uniform title insurance policy forms to help generate revenue to cover those and other expenses.ALTA is granting free memberships for the remainder of 2009, but companies must choose to either continue their ALTA membership or pay the annual licensing fee if they want to continue using ALTA's uniform title insurance policy forms in 2010, the group said.For title insurance agents and underwriting companies, ALTA charges dues on a sliding scale based on gross revenue. For 2009, dues for agents of title insurance companies ...

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