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.
- 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.
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