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Will there be legislative changes in D.C. targeting title insurance practices by the end of 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
D.C. government legislative records
Story
D.C. Title Companies to Pay $3.3 Million for Kickback Scheme
Aug 29, 2024, 09:30 AM
Four title insurance companies operating in Washington, D.C. have agreed to pay a total of $3.3 million in penalties following allegations of an illegal kickback scheme. The D.C. Attorney General's Office announced the settlement, stating that the companies offered illegal payouts to real estate agents to direct clients to their services. Despite agreeing to the settlement, the companies involved have denied any wrongdoing. This case highlights ongoing concerns about potentially collusive practices in the title-insurance industry that may increase costs for home buyers.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Department of Housing and Urban Development (HUD) • 25%
Consumer Financial Protection Bureau (CFPB) • 25%
Federal Housing Finance Agency (FHFA) • 25%
Other • 25%
First American Title Insurance Company • 25%
Old Republic National Title Insurance Company • 25%
Fidelity National Title Group • 25%
Other • 25%
Yes • 50%
No • 50%
0-10% • 25%
11-20% • 25%
21-30% • 25%
Over 30% • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
