California: 'Zero tolerance' for inducements
Regulators back off from limits on joint ventures
By Matt Carter, Tuesday, June 2, 2009.California regulators have suspended a title insurance marketing representative and fined her employer $21,600, in the first enforcement of a new state law with "zero tolerance" for business inducements to Realtors and lenders.
The marketing representative, Lizett Alcaraz, and her employer, Commerce Title Co., were accused of providing marketing lead lists to Realtors and lenders in Riverside County as an inducement for them to refer business to Commerce Title.
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