CLTA News Express
An Express Article from the California Land Title Association
Legislation Introduced to Target Choice in Title and Escrow Services
Bulletin 08/09-92 - February 27, 2009
Legislation to enact the “Buyer's Choice Act” has been introduced in California The bill, Assembly Bill 957 by Assembly Member Galgiani, would prohibit sellers of foreclosed properties, including beneficiaries and others who acquired the property at a foreclosure sale, from requiring a buyer to purchase title and escrow services from a company chosen by the seller.
The CLTA will continue to keep its members updated on legislation as bills are introduced and referred to committees for hearings.
