It’s the latest development in a series of court decisions and legislative efforts involving the regulation, which was promulgated to limit what expenses title insurers could bill to consumers.
August 06, 2019 at 03:36 PM
1 minute read
A Manhattan Supreme Court has thrown out — for the second time in as many years — a regulation to limit business expenses, including entertainment for client development, that title insurers can pass on to consumers.
The measure, promulgated by the state Department of Financial Services was struck down by the judge on due process and First Amendment grounds.
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