No more MSAs: Colorado boldly goes where CFPB has yet to tread

by Staff Writer
Aug 31
  • Colorado passed the new rule due to lack of clear direction from the CFPB.
  • In 2014 the CFPB said that MSA contracts themselves are "a thing of value," which had a chilling effect on MSAs nationwide.
  • The new regulation defines what is and is not permissible for title insurance providers in Colorado.

A Colorado Division of Insurance (CDOI) proposed rule that passed on August 16 effectively bans MSAs between title insurance providers and their real estate and other settlement service partners in Colorado.

Article image credited to Sapnocte / Shutterstock.com