Colorado shuts down 11 title agencies in continuing investigation 

Colorado Division of Insurance announced this week that it has shut down 11 "sham" title insurance agencies, which the division charges were created as vehicles to channel kickbacks to mortgage brokers.

The state division also suspended the license of Douglass P. Farr, the title agent listed as the primary owner and responsible producer for the agencies. Farr allegedly misappropriated escrow funds collected by the agencies, according to the announcement.

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