Former lawmaker sues First American Title 
Class-action lawsuit could force title insurance refunds for thousands
By Janis Mara, Friday, March 31, 2006.A former New Mexico legislator filed a lawsuit against First American Title Wednesday that seeks to strike down parts of the title insurance law and regulations in New Mexico.
Max Coll, a former Democratic state representative, filed a lawsuit seeking class-action status against First American and officials at the state Insurance Department and Public Regulation Commission. If successful, the suit could mean thousands of New Mexico residents who paid title insurance for mortgage financing could get money back.
First American says its practices follow state law.
more...
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
